Help deciding on FREE solar panels

Cardew

I share the reservations expressed above about having Rent a Roof panels.

However if that didn’t put me off, the sheer effrontery of the Rent a Roof companies would be reason enough to deter me from ever using their services.

To tie up MY roof on a 25 year agreement, with a lot of conditions(can’t let trees grow to cause shade etc) whilst they collect £1,500+ pa and allow me the scraps is just something that would rile me permanently.

larkim

Contributing to this thread has made me see things more clearly.

In effect, I am having a normal owned FIT installation. Its just that as I can't be bothered to pay for it today, I'm not paying anything. And because I'm not paying anything, all I can benefit from is the free 'leccy during the day time.

I'll pay for it (at inflated prices, I accept) only when it becomes a complete no-brainer. Until then, I've got £x,xxx in the bank protecting me from a rainy day and earning (paltry!) amounts of interest.

For anyone's interest, here are the Eon's published indicative buy-out prices. Not cheap, but far better than most other providers are offering I believe.

Eon buy out prices

Matt

Cardew

2.22kWp is a smallish system for those prices.

I also note that the EON buy out prices are 'estimates'. Are they firm prices in your contract?

larkim

Yes, they are incorporated in the lease as explicit tables dependent on the kWp of the system.

I must admit, I haven't cross checked the lease to those "estimated" costs, but I did review the table in the lease and it felt OK.

I presume you scrolled through the doc and saw that they have separate estimates for varying kWp systems, not just a 2.2kWp one.

Matt

Cardew

larkim wrote: »

Yes, they are incorporated in the lease as explicit tables dependent on the kWp of the system.

I must admit, I haven't cross checked the lease to those "estimated" costs, but I did review the table in the lease and it felt OK.

I presume you scrolled through the doc and saw that they have separate estimates for varying kWp systems, not just a 2.2kWp one.

Matt

Thanks - TBH I hadn't scrolled down to the other size systems.

Toward the latter years it is an absolute bargain to buy

larkim

I've got my copy lease returned today. Figures are better in this than on that schedule I linked to. I believe I am getting a 2.96kWp system. Figures are as follows for that size:-
Year 1 - £12,800
Year 5 - £10,833
Year 10 - £8,375
Year 15 - £5,667
Year 20 - £3,208
Year 24 - £992

Matt

zeupater

larkim wrote: »

I've got my copy lease returned today. Figures are better in this than on that schedule I linked to. I believe I am getting a 2.96kWp system. Figures are as follows for that size:-
Year 1 - £12,800
Year 5 - £10,833
Year 10 - £8,375
Year 15 - £5,667
Year 20 - £3,208
Year 24 - £992

Matt

Hi

It's likely that you could currently purchase a system which is ~1kWp larger for around the year 5 buyout price and in a few months time this would be closer to the year 10 price. Another way of looking at it would be that a reduction in the purchase price of systems in the next few months will result in the abovereferenced buyout table being seriously reworked downwards ....

HTH
Z

larkim

Yes, I recognise that even at the prices I've got in my lease, they are "expensive" compared to the rates which are currently available, and I agree the prices for a "buy your own" install are likely to come down. But looking 10 years hence, there is inflation to take into account etc so I don't think the prices are too bad.

Matt