I have solar panels and get the FIT. A good little earner so far.
Solar panel company has sent me info promoting thermodynamics, it will produce all my hot water and comes with MHI which is comparable to FIT.
Is this a good thing to invest in, any views?
mark
Didn't find your answer? Ask the community — no account required.
T
Tim Streater
Any legalised banditry is going to be a "good little earner".
I was going to post something here but SWMBO is shouting that there is top quality scoff on offer so knickers to you.
T
The Natural Philosopher
depends on how much of a c*ut you are.
M
mark
As big as needs be if it's to my benefit!
D
Dave Liquorice
it might for a a week or three mid summer if the sun is out and you don't have more than 1 bath/day.
MHI? Presumably you mean RHI (Renewable Heat Incentive). That has just gone into consultation (again) closes in Dec, announcement early 2013 should be in place summer 2013. The consultation document mentions
17.3p/kWhr for Solar Thermal for 7 years.
It's not a licence to steal money from everyone else like your FIT payments are.
T
The Natural Philosopher
come the revolution, all people with solar panels on their rooves will be taken out and short.
So take a longer term view on that 'benefit'
H
harry
You can just turn your immersion heater on when sufficient power is being generated by your PV system as you get paid for the electricity whether you use it or not.
However, you can make a profit from the Renewable Heat Incentive which is to come in next year. The installation is to be subsidised and you get regular payments there after. Solar thermal panels are to be in the scheme. Dunno any numbers (=A3) yet.
formatting link
it may well be worth it from that point of view alone
P
polygonum
I think we should ban thermodynamics. All three of them.
D
Dave Liquorice
Not so sure about that. The RHI is a payment for heat produced only. You= have to tick all the "Green Deal" insulation requirements, the Green Dea= l will provide the upfront costs but you pay it back with with a levy on your electricity bill. There might be money from ECO(*) to help with the= capital costs. Not sure if the RHPP is still available.
Suggest you go and get the 116 page consultation document from the DECC =
website. The numbers aren't fixed yet but solar thermal looks to be getting 17.3p/kWhr over 7 years. How they are going to determine how muc= h heat a solar thermal system produces isn't clear, at least not obviously= clear but I got bored with 116 pages... They aren't keen on metering eve= n for pellet boilers and heat pumps.
My MCS certificate has a "Estimated Annual Generation (kWh)" field so I =
guess they'll just take that and multiply by the p/kWhr. If so my 30 tub= e solar thermal array will bring in a whopping =A3194.28/year. I reckon it= 's saved about =A3100 of oil at 60p/l. So over the 7 years that RHI is expected to run about =A32000, about the installation cost so no great money making scheme like the FIT.
(*) The 116 pages got the better of me again and as I already have a qualifying system wasn't that interested in getting help with the capita= l costs.
M
mark
Why?
T
The Natural Philosopher
for extortion
G
Grimly Curmudgeon
Thermodynamics is good, generally. There's a law or three about it, of course.
G
Grimly Curmudgeon
It's Dwarfism, that's what that is!
A
Andrew Gabriel
Que Flanders and Swan...
T
Tim Streater
Errrm, I'd rather not, thank you.
H
Huge
Cue.
You're welcome.
B
Brian Gaff
Pun.. No doubt soon to be taken over by Entrope... Brian
J
John Rumm
As an investment it only works if there is some ongoing payment to make it viable. Hot water production alone is not worth much per year at current prices.
J
John Rumm
Which if they get it right, is how it should be. I.e. provide schemes that allow for easy finance on projects that will ultimately be self supporting.
H
harry
If you sign up for Green Deal you don't have to pay up front, it is deducted from your future electricity bills. (Like an HP arrangement.)
But you don't get the income as with the RHI, you can't have both. It's one or the other.
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required
Report Content
You are reporting this content to the moderators. They will look at it
ASAP.