Bad month for solar generation

[Archev]

I have just been looking back over the last 12 months (June 24 to June 25), and with the Feed In Tariff, my electricity cost -£142.75 . . . Yes, I am £142.75 in credit as the FIT payments were more than the bill.

Luvly-Jubbly.

As someone who only yesterday set the theoretical ball rolling to ensnare the big golden ball with a battery and a few panels, I read that with envious eyes

 

[Rolfe]

I have just completed my first full year on Octopus Outgoing (15p/kwh) together with IOG, and I reckon my net profit for the year is £321.50. I spent £244.74 of that on public charging with my Electroverse card.

 

[Walks with Enzo]

As someone who only yesterday set the theoretical ball rolling to ensnare the big golden ball with a battery and a few panels, I read that with envious eyes

you have to ignore the significant outlay for the battery & panels

 

[Bam Bam]

you have to ignore the significant outlay for the battery & panels

They are a big up front cost, but the panels will last minimum of 25 years, and you will get a lot of valuable electricity from them in that time.

The electricity might become less valuable once there are large solar parks connected up to the grid, meaning cheaper electricity available on sunny days. But those seem to be taking a long time to get through whatever planning and grid connections processes they require.

The battery is very valuable as well as it allows you to become an electricity trader - buy low, sell high etc.

Plus it all helps lower the carbon intensity of the grid and one's own carbon emissions. Reduction in gas burned and facilitates a faster energy transition.

 

[Rolfe]

For an "investment" of £36,650, which includes the purchase price of the car, new, list price, I have a system that has eliminated both petrol and electricity bills completely, and is apparently leaving me over £300 in profit at the end of a year. (OK I'm not counting public charging in that, that's just my little luxury.) I'm not sure how to calculate a return on it all, but I would have had to buy a new car anyway.

If you leave the cost of the car out of it, it was £13,700. I reckon I'm saving over £3,000 a year in petrol and home electricity outgoings.