MARTIN LEWIS Q&A WITH RISHI SUNAK
Chancellor Rishi Sunak joined Martin for a video Q&A to discuss the cost of living support package that was recently announced - you can watch it HERE
Thermal Solar Power - worthwhile under the upcoming RHI scheme?
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Thanks. Yes I've seen that report and its highly relevant. I am hoping the upcoming RHI might help with the costs (although I'm totally unconvinced about the whole green deal thing) and I have to agree that the dodgy sales side of the industry is counter productive and I guess theres none of that going on in Europe and its just a British disease. Its interesting though when you look at double glazing as a comparator because even though they mis-sold their products big time by saying the payback was around 6 years, (when it is probably well over 3 times that) they still sold millions!
http://www.confusedaboutenergy.co.uk/index.php/heat-loss-and-insulation/double-glazing
I have seen that report and several similar. Whoever talks about 'payback' in those terms should retake their 11+ exam to get into Junior school.
If you 'invest' £5000 in double glazing to save £74 a year, you lose about £180 a year in interest.
Mow let me think! I gain £74 a year and lose £180 a year I wonder when I have achieved payback!!! Mmmmm
Not a surprise that millions sold. If you look on other parts of MSE you will find people who have bought for £15 some magnets that you strap to the fuel lines of your car(or oil central heating) and it improves fuel consumption by over 30% - it apparently lines up the mollycules(sic)
Probably find that a ~250l tank plus a pair of 'well known brand' (think county city
HTH
Z
Obviously if RHI is attractive enough and you can get a system at that price(the cheapest I have seen) it is worth considering.
IMO it still wouldn't be worthwhile without RHI.
However Beastman asked why the UK had been slow to take up the technology.
Vacuum tube collector ~400 quid on ebay, pipes and pumps to existing HW cylinder ~100, with a small radiator to dump heat in case it gets too hot.