Seen great house but has leased solar panels

theartfullodger

Harry_Flashman wrote: »

But those who have them fitted to their house are laughing all the way to the bank.

Yes, with two buts....

A) until they try and flog the house..
only because the rest of us are subsidising the ludicrous price they are paid for the electricity.

Debt_Free_Chick

DKLS wrote: »

After his attempts at high pressure sales techniques and guilt tripping about polar bears and the future of my children ( which I don't have) I wouldn't want to give him a penny of my dosh for his snake oil technology.

:rotfl::rotfl::rotfl:

zappahey

mildred1978 wrote: »

Maths must have changed a lot since I was at school then!!

Or, maybe you haven't been paying attention to the whole feed-in tariff scam.

Here's a quote from an installer's website. Even with a large pinch of salt, the householder is getting a stack of cash from the taxpayer, roughly triple the amount actually saved on the electricity bill.

Fantastic scam, it would appear.

... so a 3.92 kWp EvoEnergy system – made up of 16 panels from world-leading manufacturer Suntech – costs just £8,500. That includes a top-quality Kaco inverter, all labour and scaffolding, and production of an EPC.


This system could generate up to 3,365 kWh a year, giving annual FIT payments of £759 and bill savings of £242. That’s a tax-free earning of £1,001 – even before you take inflation and future energy price rises into account.

john_white

zappahey wrote: »

Or, maybe you haven't been paying attention to the whole feed-in tariff scam.

Here's a quote from an installer's website. Even with a large pinch of salt, the householder is getting a stack of cash from the taxpayer, roughly triple the amount actually saved on the electricity bill.

Fantastic scam, it would appear.

No that is incorrect, the owner of this house would not get the FIT the company that leased the roof does, the OP would just save on the electricity they use during the day, which from the sounds of it wouldn't be much.

I thought about getting them installed (purchased) but the 10% return, less what I would get from an ISA didn't justify the outlay.

anamenottaken

... so a 3.92 kWp EvoEnergy system – made up of 16 panels from world-leading manufacturer Suntech – costs just £8,500. That includes a top-quality Kaco inverter, all labour and scaffolding, and production of an EPC.


This system could generate up to 3,365 kWh a year, giving annual FIT payments of £759 and bill savings of £242. That’s a tax-free earning of £1,001 – even before you take inflation and future energy price rises into account.

So there's a lot of scope for much lower level of electricity generation and bill savings each year.

DKLS

inmypocketnottheirs wrote: »

Out if interest what is the problem with cheap electricity?

Nothing in principle , but these panels are !!!!!!, they ruin the lines of the house and the curb appeal is tainted and for me to tolerate them I would want at least 10k return annually.

maninthestreet

£20K to purchase the panels? They cost a fraction of that new!

zappahey

john_white wrote: »

No that is incorrect, the owner of this house would not get the FIT the company that leased the roof does, the OP would just save on the electricity they use during the day, which from the sounds of it wouldn't be much.

My post was a response to Mildred1978's more general assertion that there was no value in solar panels at all.

Charles_Montlake

There are 2 ways to value the panels
1. Their replacement cost - probably significantly less than 1/2 the £20k they are asking for
Or
The present value of their future income. If they assign the contract to you then you could be receiving the highest tariff (now 45.3p/kWh) index linked for the balance of the contract, possibly 23 years
Add up all the income (4kW system could be £1,500 a year) and adjust for inflation, interest, repairs etc and you have the present value.
A rough guess says it will be around £20k, in other words you will buy £20ks worth of income for £20k. The seller is no better and no worse off. But I fail to see any benefit to the purchaser
If they sold to you for £10k then even though you could buy it cheaper new the current contract is 21p (16p from 1st August) so you would do better financially to buy it from them.
I would either accept the free electricity or look for another house

DVardysShadow

inmypocketnottheirs wrote: »

Out if interest what is the problem with cheap electricity?

The fact that you can't sell your house shouldn't be a show stopper. Buyers won't buy, lenders won't lend, but that it it.