Free Solar Panels - Absolute Solar Limited

Martyn1981

Cardew wrote: »

Who are 'we'?

Without repeating the above posts, with PV panels(using the figures above) you need to wait around 14 years until you see profit on your £8k 'investment'.

Apologies, I obviously didn't explain this clearly the first time round, as you appear to still be struggling with the issue.

As long as you take the cost of capital (in this instance, your example of an ISA), (you could also apply depreciation to the PV asset too), then a profit is made when income exceeds costs. So profit is being realised from day 1, well more truthfully about month 4 to 6 after the first payments come through, and bills are lower.

Cardew wrote: »

That is not the same as investing £8k where the capital is still available and not stuck on a roof!

You need to be more careful/clear with that statement, whilst the money remains available, if you were to use it, then clearly you could no longer claim the interest element (cost of capital) in your calculations. You can't have your cake and eat it!

Also, the quarterly payment of FITs and bill savings, provides monies that can similarly be spent, rather than re-invested. They are not stored up for 14 years!

Cardew wrote: »

It is the principle of an annuity that I was using - not the figures.

But without any figures, no comparison can be drawn? So some figures would still be welcome.

Cardew wrote: »

I repeat that IMO not many people would find the proposition of waiting 14 years before an investment went into 'profit' and paid dividends attractive.

Dividends is a perfect description for the quarterly payments that are paid, well, quarterly not every 14 years. For instance if you bought shares in a solar company, the investment would stand (much like the PV on a roof), and you would get annual dividend payments, much like quarterly FITs payments.

Cardew wrote: »

Note for Martin1981:

IMO = In My Opinion. We are allowed to express an opinion on this forum I believe.

Absolutely, 100%, that's why I'm not complaining about running through these numbers, and the bits you 'accidentally' miss out - each and every time you re-post them.

As I said before, you (and I) disagree with the practice of 'over-selling' PV, but that should apply equally to the practice of 'under-selling' too. Especially on a site such as this.

Mart.