1st Nov 2011: I did a Rushcliffe Solar estimation for one client and was pleased to find that the situation is not as bad as I feared. She does happen to have a perfect south facing unshaded roof, which helps. The new rules on FIT will discourage people who can only fit 6-10 panels, because of the higher cost per kilowatt. However, for a 16 panel installation of nearly 4 kW the payback is still quite good, and would be equivalent to about £1000/year - about 8-9%. The return from the tariff is still enough to justify installation. The assumed earnings from saving on your current bill, and the income from direct sale to the grid assume a larger proportion of the calculation - the 3.1pence per unit being worth £50.
People will be more choosy (not doing a roof unless it has good orientation), and they will be taking the long view - that over the years, the costs of energy for everyone else will rise and their virtual income from the savings will increase proportionately. There will be an increasing tendency to adapt lifestyle, like baking cakes or running the washing machine at midday.
Under the 43pence rule, the payback was getting up into the teens, like 14-16% which must be far more than the original creators of the FIT intended - caused mainly by the much reduced cost of panels.
See Full details of the review at Good Energy's website.
See Full details of the review at Good Energy's website.
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