Solar Panels - why bother?

Author
Discussion

PixelpeepS3

Original Poster:

8,600 posts

142 months

Sunday 19th February 2017
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I am waiting to accept that i must have missed something but after doing some research the average ROI time for an average install is around 85 years?

So, forgetting all the tree hugging stuff for a sec, why would anyone bother, for a saving of £70 per YEAR on their electricity bill?

Please tell me i have this wrong. anyone got any real world figures of their own install?

fatboy b

9,493 posts

216 months

Sunday 19th February 2017
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I'm with you. They ruin the look of houses, and are an eyesore to neighbours. I also have a theory that those who fit them are at the back of the queue when it comes to buying a round hehe

thebraketester

14,225 posts

138 months

Sunday 19th February 2017
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The tarrif deals are not as good as they once were.

Spudler

3,985 posts

196 months

Sunday 19th February 2017
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fatboy b said:
I'm with you. They ruin the look of houses, and are an eyesore to neighbours. I also have a theory that those who fit them are at the back of the queue when it comes to buying a round hehe
smile

Sounds about right.

Building my own house now. Putting a lot of effort into the design and build, not to be spoilt by these unsightly eyesores.

Robertj21a

16,477 posts

105 months

Sunday 19th February 2017
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Interesting, and timely. I've been watching work on a house near me where they now have massive solar panels fitted front and rear. It's true that the house faces roughly east-west, so will see the sun for a few hours early in the morning, and later in the afternoon (but not at all during much of the day) but there's also very tall trees partly blocking the sun out in the afternoons (except June/July).

I can just about see some logic if you install solar panels on just one roof, as your house faces south, but if you're east-west and you put it on two sides the cost must be ridiculous.

What sort of costs are these things supplied and fitted for a traditional house roof ?

x5x3

2,424 posts

253 months

Sunday 19th February 2017
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I'm waiting until these are established;

https://www.tesla.com/solar


PixelpeepS3

Original Poster:

8,600 posts

142 months

Sunday 19th February 2017
quotequote all
Robertj21a said:
Interesting, and timely.
We've just had an offer accepted on a bungalow that will need almost total renovation so its why i started looking into it - while the place is stripped bare, having a full re-wire and relocation of the consumer unit it would make sense but not if i won't see a financial benefit in my lifetime!

mikeiow

5,366 posts

130 months

Sunday 19th February 2017
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I've never understood it when anyone finds solar panels an eyesore. Big vans half parked on pavements, a fridge left on someone front garden, hideous sore-thumb extensions that don't blend in, rubbish in the street: they are eyesores!

I guess others have more delicate constitutions when it comes to tiles v solar!

Anyway, we are in our eighth year of PV ownership (on the back of our place, so hopefully not offending too many here. Payback on ours will be under 10 years. I know we got in 'lucky' with the early higher KWH payments, but I am pretty certain the price of panels has also dropped dramatically since we installed (4kwh system for about £13k).

So if you do not expect to be there for about 10 years, you will likely not benefit financially.
I reckon we use about 25-30% less electricity than before, so we are helping save the planet ....but this is PH, & clearly that is not a big win here!!


PixelpeepS3

Original Poster:

8,600 posts

142 months

Sunday 19th February 2017
quotequote all
mikeiow said:
I've never understood it when anyone finds solar panels an eyesore. Big vans half parked on pavements, a fridge left on someone front garden, hideous sore-thumb extensions that don't blend in, rubbish in the street: they are eyesores!

I guess others have more delicate constitutions when it comes to tiles v solar!

Anyway, we are in our eighth year of PV ownership (on the back of our place, so hopefully not offending too many here. Payback on ours will be under 10 years. I know we got in 'lucky' with the early higher KWH payments, but I am pretty certain the price of panels has also dropped dramatically since we installed (4kwh system for about £13k).

So if you do not expect to be there for about 10 years, you will likely not benefit financially.
I reckon we use about 25-30% less electricity than before, so we are helping save the planet ....but this is PH, & clearly that is not a big win here!!
For the record, and i am the OP, i don't find them an eyesore - my only concern was how long it would take to see any benefit (apart from the carbon footprint bit.) i could not believe that sites were quoting savings of just £70 a year on electricity.. you saying you generate 30% of your total requirements?

4Q

3,361 posts

144 months

Sunday 19th February 2017
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A 4kW PV sytem, on a south-ish facing roof will generate around 3800kWh per year.

You'll get paid 4.2p FIT for every unit you generate for 20 years = £160
You'll also get paid 4.85p for export for half of you generation regardless whether you use it or not = £90
You'll also use around 40% of your generation yourself meaning you don't have to buy it saving another 12-15p @12p = £230 you can increase savings by managing usage to generation so things like dishwasher, drier, washing machine etc running during the the daytime.

The install cost would be around £5k and all the above payments rise with inflation so payback should be around 10 years. More importantly longer term is that you've eliminated 40-50% of your electricity bill for the next 20-25 years.

PM me if you'd like a detailed spreadsheet showing actual generation predictions for your location, costs, payback, panel degradation over time and factoring maintenance costs.

Edited to add, I'm not trying to sell you a system - I only teach the subject.


Edited by 4Q on Sunday 19th February 09:30

Robertj21a

16,477 posts

105 months

Sunday 19th February 2017
quotequote all
One thing that's always bothered me - what if the roof itself needs some attention/repair. Can these panels be easily removed/replaced by anybody ? What if the panels are damaged ? Are different systems/manufacturers consistent (i.e to an agreed standard) so that if one company goes bust in 5 years time there's still a similar unit available when needed ?

dickymint

24,332 posts

258 months

Sunday 19th February 2017
quotequote all
4Q said:
A 4kW PV sytem, on a south-ish facing roof will generate around 3800kWh per year.

You'll get paid 4.2p FIT for every unit you generate for 20 years = £160
You'll also get paid 4.85p for export for half of you generation regardless whether you use it or not = £90
You'll also use around 40% of your generation yourself meaning you don't have to buy it saving another 12-15p @12p = £230 you can increase savings by managing usage to generation so things like dishwasher, drier, washing machine etc running during the the daytime.

The install cost would be around £5k and all the above payments rise with inflation so payback should be around 10 years. More importantly longer term is that you've eliminated 40-50% of your electricity bill for the next 20-25 years.

PM me if you'd like a detailed spreadsheet showing actual generation predictions for your location, costs, payback, panel degradation over time and factoring maintenance costs.

Edited to add, I'm not trying to sell you a system - I only teach the subject.


Edited by 4Q on Sunday 19th February 09:30
Am I right in saying there's not a single penny "saved" until the day the original investment has been paid off? IE. subscribers are in fact paying for their electricity ten years up front?

PS. I've never been any good at sums!!

PixelpeepS3

Original Poster:

8,600 posts

142 months

Sunday 19th February 2017
quotequote all
4Q said:
A 4kW PV sytem, on a south-ish facing roof will generate around 3800kWh per year.

You'll get paid 4.2p FIT for every unit you generate for 20 years = £160
You'll also get paid 4.85p for export for half of you generation regardless whether you use it or not = £90
You'll also use around 40% of your generation yourself meaning you don't have to buy it saving another 12-15p @12p = £230 you can increase savings by managing usage to generation so things like dishwasher, drier, washing machine etc running during the the daytime.

The install cost would be around £5k and all the above payments rise with inflation so payback should be around 10 years. More importantly longer term is that you've eliminated 40-50% of your electricity bill for the next 20-25 years.

PM me if you'd like a detailed spreadsheet showing actual generation predictions for your location, costs, payback, panel degradation over time and factoring maintenance costs.

Edited to add, I'm not trying to sell you a system - I only teach the subject.


Edited by 4Q on Sunday 19th February 09:30
Such a good response - thank you. if the sale goes through ok (fingers crossed) ill get some proper info like roof angle and coverage area and send it over if you don't mind...? smile

Yipper

5,964 posts

90 months

Sunday 19th February 2017
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Solar panels are like buy-to-let and leasing. Lots of vague man-maths (or woman-maths) and kid-yourself-it's-profitable decision-making.

kuro

1,621 posts

119 months

Sunday 19th February 2017
quotequote all
thebraketester said:
The tarrif deals are not as good as they once were.
I was fortunate to buy a house that already had them installed. The previous occupants owned them outright and were on one of the early index linked tarrifs. Basically they pay for my gas and electric bills.

4Q

3,361 posts

144 months

Sunday 19th February 2017
quotequote all
dickymint said:
Am I right in saying there's not a single penny "saved" until the day the original investment has been paid off? IE. subscribers are in fact paying for their electricity ten years up front?

PS. I've never been any good at sums!!
You could use the same arguement with insulation or energy saving light bulbs, even pensions, or as we're on a car forum by paying extra for a more economical car. You'll get actual payments quarterly in arrears for FIT and export along with a reduction on your bill. I'm not sure why there is such negativity about some technologies? If someone was selling a black box which covered the cost of your energy bill for the next 20 years you'd snap their hand off at £5k!

BoRED S2upid

19,698 posts

240 months

Sunday 19th February 2017
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As Q4 says I understood it to be around 10 years until you start seeing a ROI however most systems only have a 10 yr guarantee!

I went to Australia a while back not a solar panel in sight and they have a lot more sun than our crappy short days.

Jonesy23

4,650 posts

136 months

Sunday 19th February 2017
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The only time it ever made a vague degree of sense was when the subsidy/FIT was big, so it was worth it for the person getting the cash though not for the population as a whole.

These days not so much.

Of course it made sense if you were selling the kit or like various neighbours you were milking subsidy by building solar farms.

As an engineering solution at house scale it doesn't make huge sense if you can get mains power instead, unless you have ground space, access to cheap panels and knock together a storage system for pennies.

Personally I went solar for the shed because it was a cheap workable solution at that scale compared to running a supply in. For a house it isn't worth it.


PS. Do the long term calculations for ROI people have made take into account the loss of performance of the panels with time and ongoing maintenance of the aging equipment at 10/15/20 years. A lot of it is going to suffer badly as it was hardly premium kit to begin with.

towser44

3,492 posts

115 months

Sunday 19th February 2017
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A few years ago we were renting via the Local Authority and they were asking for tenants who would be happy to have solar panels installed. All applicants went into a ballot and as our bungalow at the time was in a good location (south and south west facing back garden), we were able to apply. We were successful in the ballot and had them fitted, they literally covered 75% of the roof and I'll be honest, I noted no difference whatsoever in the cost/usage of our electric. We didn't have to pay anything for them, any electric left over was for the benefit of the Local Authority and our benefit was the 'reduction' in energy bills.

Ian Geary

4,487 posts

192 months

Sunday 19th February 2017
quotequote all
[quote=dickymint]

Am I right in saying there's not a single penny "saved" until the day the original investment has been paid off? IE. subscribers are in fact paying for their electricity ten years up front?

PS. I've never been any good at sums!!
[/qsmilesmileuote]

I would agree with that statement: until the break even point is reached, more has been spent than saved.

Having said that, I could see how people would consider the cost of PV as a "sunk" cost (ie hust an ancillary part of a wider redevelopment funded by borrowing or savings) whereas the reduced electricity costs will be seen as a day to day savings you can be smug about to at dinner parties smile

If it wasn't for the issues around the resources needed to make PV panels (precious metals? rare earth?) then I would be in favour of them a lot more, to the point of making them compulsory on relevant new builds without the bribes.

But as has been pointed out, it annoys me when people"loose sight" of the overall environmental impact when chasing some marginal environmental improvement.

Eg creation of a whole new car to replace a perfectly good one that's doing 9 mpg less. Buy a new car because you want one: fine. Just don't pretend it's for environmental reasons.

Ian