We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Future of solar PV ROC
shell820810
Posts: 393 Forumite
First off, I am in Northern Ireland so it may be slightly different, but I wanted to get an idea of the return risk associated with solar PV installation.
Rough figures, obviously dependent on site, and usage etc etc
Income from ROCS per annum:£574 (16.96p KwH in Northern Ireland)
Income from exported energy per annum:£95
Savings from self generation per annum: £304
Obviously the ROCs are a significant part of this. But can the government virtually reduce these to 0 at any stage? I know they guarantee ROCs for 20 years, but can they reduce the rate to say 1p KwH?? or are they guaranteed at a certain rate? If this is the case, savings are only £300-£400 a year, so 20+ year payback period.
Rough figures, obviously dependent on site, and usage etc etc
Income from ROCS per annum:£574 (16.96p KwH in Northern Ireland)
Income from exported energy per annum:£95
Savings from self generation per annum: £304
Obviously the ROCs are a significant part of this. But can the government virtually reduce these to 0 at any stage? I know they guarantee ROCs for 20 years, but can they reduce the rate to say 1p KwH?? or are they guaranteed at a certain rate? If this is the case, savings are only £300-£400 a year, so 20+ year payback period.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards