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Post April 3000 average price cap

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Comments

  • Krakkkers
    Krakkkers Posts: 1,330 Forumite
    1,000 Posts Third Anniversary Name Dropper
    So they are not for you then. My install broke even in 6 years (with FIT payments) and now give me £2000 a year net benefit.
  • ariarnia
    ariarnia Posts: 4,225 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 26 November 2022 at 6:57PM
    Krakkkers said:
    So they are not for you then. My install broke even in 6 years (with FIT payments) and now give me £2000 a year net benefit.
    probably not. our hole annual bill is less than your net benifit :D
    Almost everything will work again if you unplug it for a few minutes, including you. Anne Lamott

    It's amazing how those with a can-do attitude and willingness to 'pitch in and work' get all the luck, isn't it?

    Please consider buying some pet food and giving it to your local food bank collection or animal charity. Animals aren't to blame for the cost of living crisis.
  • born_again
    born_again Posts: 23,555 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    Krakkkers said:
    "Likely when we as an electorate are collectively willing to pay more tax to invest in generation capacity, which I suspect is still years away if it ever happens. Prices will probably fall in a few years time, though long term forecasts are always unreliable at best."

    Solar panels are available today. If electricity does go to 65p kwh then what are people waiting for.
    If people are struggling to pay their bill etc now.
    Where are they going to find the thousands to install Solar, that even at higher prices will still take years to pay for itself...

    Now if the government were to come along & install it on every roof, that would help 👍
    Life in the slow lane
  • NannaH
    NannaH Posts: 570 Forumite
    500 Posts First Anniversary Name Dropper
    We would need a new roof before having solar panels (and battery storage fitted).
    We will have a new roof in 2025 and see how the land lies with solar panel costs then.  
  • You also need to own your own home, unless you can convince your landlord to shell out thousands of pounds that aren't going to actually benefit them AND convince them to do that without putting rent up …
  • I am a fan of solar thermal. Installed at my previous property in 2004 for about £4000, certainly paid back over the 14 years of usage. Moved house in 2018, didn't see any realistic payback, so didn't plan to install. Then along came the much maligned and quickly cancelled government Green Home Grant scheme, so in March 2021 Solar Thermal installed costing me £2217, with £4435 paid by the government. As the gas prices rise, my forecast payback period lessens and lessens.
  • QrizB
    QrizB Posts: 22,015 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    NannaH said:
    We would need a new roof before having solar panels (and battery storage fitted).
    We will have a new roof in 2025 and see how the land lies with solar panel costs then.  
    If you're having a new roof, consider fitting in-roof solar panels at the same time (but not solar tiles unless you're loaded).

    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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