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Solar or overpay Mortgage
Comments
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overpaymentSystem is in fact 7k for 3.25 kWp. 20 yr FiT income of 7.K. 9.2 % return. I guess I could pay 3k off the mortgage now and then use energy savings/FiT payments to increase monthly payments.
If you are staying put that could be a good idea but seems a bit expensive. Our 4kwp [err...3.92] was £10k in Nov 2011.
But...on the bike this morning I had a thought...
When we were getting solar it was a stressful process due to the uncertainty around the proposed drastic cut in FITs...
When we installed our heat pump us [and loads of friends] were all shafted on the promised RHI...
Daughter's long term child trust fund - again shafted...
See a pattern here? I'll be amazed if they pay the FITs for 20/25 years...
Loads of other examples out there.
Anyway all the best!0 -
Yes, regulatory risk is a factor. Consider what happened in Spain.0
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