My generation runs at about 2800 units a year.
My FIT payment is currently about £1600 a year, tax free and index linked, for 25 years from date of installation (2012).
Additionally I get (currently) 3.59p for each unit I generate, which is a deemed 50% of overall generation, so my annual generation runs at about 2750 units a year (about £400 at today's costs?).
If I managed to use all of them that'd be good but I don't as I have no cunning devices to divert excess to a store when I am producing lots. Even if I did, the saving wouldn't be that great, as the the autumn/winter period can be a bit bleak, when you would really have more demand for electricity. I think batteries still take a bit of man-maths to cost-justify.
But we do quite well just judging the optimum time for dishwashers, washing machines etc without too much effort. A lot of money can be saved just by recognising where your energy is going and doing something about it.
The EV spend could not only give you a battery (in the not too distant future) but also considerably cheaper (and more climate friendly!) motoring - my neighbour went north in his new-ish eNiro the other week and said he reckoned his fuel cost, even at expensive services prices, was about 1/3rd the petrol cost. I could charge the recently-sold Ampera for my 40 summer electric miles for about 80p or less. Servicing costs are lower too. (MG are selling me a service plan for £12.xx a month). (Also the Ampera only cost me £1500 over 4 years - no heavy depreciation!!).
Once more Octopus story - their now massively expensive Agile tariff also has an export tariff and the other day they were paying you just over £2 for each unit exported. That was exceptional but when the import tariff was cheaper there were many times where people charging their batteries on the overnight cheap half hours and selling it back in the daytime at a profit. All automated of course.
The reason PV system costs fell so far was entirely the reductions in government grant. You can see it now, if you get a quote for a heat pump system the quote will conveniently soak up the whole government grant - and as and when that drops, so will the costs of a new system.
btw my payback time for the solar panels was just about 8 years, even with the replacement inverter cost -which was slightly better that the installers quoted.
Last edited by: smokie on Wed 22 Sep 21 at 09:36
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M25 - closed?? new
M25 - closed?? new
