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"It would most probably take ten years before you made a profit" Just before the battery is knackered | |||
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"Payback time averages about ten years, because I am a low user. But I could put the same amount of money into buying gas and get nothing back!" Payback is one thing. In any investments there’s payback time , then return on investment (ROI) after payback . With tech you need fast payback because the value of tech halves every 18 months (Moore’s universal Law). Chances are far before 10 years , you would chuck the solution away , for a better cheaper one , it probably wouldn’t even last 10 years tbh. You could put the same money into gas and get nothing yes. But you could put the sane money into many other better investments for 10 years and make a huge profit | |||
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"Investments like what? Are you saying everybody should buy Bitcoin instead of renewable energy?" Lots of investments out there that can get you 4-7% return almost guaranteed I think he’s saying if you want return, invest in other things If you want to be green, get solar, but don’t ever expect to get a return because by the time your close you’ll need to update it all | |||
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"My experience after installing solar and batteries 12 months ago…:- I have 10kw of solar panels (40 panels) and 6kWh of high voltage lithium batteries, the batteries are uually charged by noon In summer on a sunny day they can be charged by 10.30am… in winter it can be 4pm, and on a bad day they won’t make 100%.charge at all We have 2 households running off the system, my house and a granny flat… our average use is 1500 kWh per month, so at current price about £5500 a year. The solar has knocked that down to £2000 over the past 12 months. Plus I’ve sold about £350 of electricity back to the grid, as well as saving probably £500 in heating oil by heating water from the solar power, instead of using the boiler…So a saving of at least £3500 in the year. Cost of installation was £14000, so break even in 4-5 years.. sooner if energy prices go up as expected… panels are warrantied for 20 years, batteries and inverters for 10 years. Replacing the inverters and batteries will cost about £5000… I think it’s been worthwhile, but time will tell…!!!!" This is a good summary/analysis. Thanks for the insight. | |||
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"My experience after installing solar and batteries 12 months ago…:- I have 10kw of solar panels (40 panels) and 6kWh of high voltage lithium batteries, the batteries are uually charged by noon In summer on a sunny day they can be charged by 10.30am… in winter it can be 4pm, and on a bad day they won’t make 100%.charge at all We have 2 households running off the system, my house and a granny flat… our average use is 1500 kWh per month, so at current price about £5500 a year. The solar has knocked that down to £2000 over the past 12 months. Plus I’ve sold about £350 of electricity back to the grid, as well as saving probably £500 in heating oil by heating water from the solar power, instead of using the boiler…So a saving of at least £3500 in the year. Cost of installation was £14000, so break even in 4-5 years.. sooner if energy prices go up as expected… panels are warrantied for 20 years, batteries and inverters for 10 years. Replacing the inverters and batteries will cost about £5000… I think it’s been worthwhile, but time will tell…!!!!" Payback time will vary depending on how much energy you use plus what set up you have...and energy prices of course! Do you find that a useful battery size or would you prefer more storage? I realise you are selling off any excess but using energy you generate yourself is many times more cost effective than selling it. | |||
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