V2H recommendations

You can do a lot better than 4%

I average around 7-10%/ And I still have the principal intact should I need it, Throwing good capital into illiquid assets that will depreciate is simply not worth doing

Not if you really know accounting, no.

The cheapest battery is still lead acid.

But its still not cheap enough...

Not for much longer

Also you can run LFP at nearly 100% depth of discharge, whereas even 'deep cycle' leisure lead acids don't like going below about 50% DoD. So the cost per kWh of lead acid is roughly double when comparing by nameplate capacity.

Theo

Oh, quite so; my Stocks and Shares ISA has grown 32% in three years.

I put the 4% in there as it’s the sort of return that’s possible on a cash ISA…and interest rates are forecast to rise over the course of this year.

With annual returns of the order of 10% tax free, it makes the battery and inverter system all but non-viable on financial grounds. However, there may be other reasons to consider adopting such a system.

Certainly not on a battery/inverter system as a way of saving money, at current prices.

The question is, is this still not cheap enough? It's certainly a nice battery.

Remember, all of this technology only makes sense in the light of fabulously expensive (daytime) electricity caused by renewable energy issues and subsidies..

If Labour get the boot in the next GE it is likely that the next government will kick renewables into touch, allow north sea oil and gas drilling and push nuclear as fast as possible.

We are already close to wind farms and solar farms not getting enough subsidy to be profitable.

You might reply 'but overnight electricity will still be cheaper'

Not if everybody is charging their EVs overnight, it wont.

(I am not opposed to EVs, I just think they are over subsidised and over hyped. But for domestic short haul journeys like the school run or the supermarket run they are ideal.

Especially if they have off road charging and parking.)

Did you get an answer? :)

If you use much electricity at peak times, you can make a big saving by storing night-time electricity bought at cheap rates. You're looking at a saving of around 25p per kWh compared to peak rates.

If you're buying all your electricity at off-peak rates of around 7p, it's going to take a while for solar panels to pay for themselves. Have you done the maths?

I just completed a trip of 350 miles in one day in an EV. I could not possibly have completed it in the old petrol Volvo. The EV is much quieter and smoother.

Charging on long journeys takes a bit of planning, but it's not a major issue. Charging at the prices available at motorway service stations is fairly expensive, but so is buying petrol there.

I received a small subsidy against the purchase price when I bought it, but nothing else about it is subsidised.

apart from the massive subsidy on road tax ?

(but, to be fair, that has now disappeared for a lot of EVs)

So, how much car tax are you paying on it, and how much fuel duty, and VAT then?

Also electricity is 5% VAT IIRC and has no fuel duty added.

Also ... at one time certain supermarkets had free charging points in their car parks, so you could top up for nothing while you shopped.

I believe Tesco were the "market leaders" on this - subsidised by their othe customers of course.

And a number of council run car parks used to provide free charging (sometimes free parking as well) probably subsidised by long suffering council tax payers.

Fuel Duty will be 3p a mile, starting next year.

We do such low mileage (around 2000 miles a year) that Fuel Duty etc are negligible. For us! I think the govt was right to subsidise EVs initially. There was a need to get a reasonable charging network, and the govt was right to give the system a bit of a boost to get it started. There's no longer a need to continue that incentive.

We mostly use the car for short trips around town, and I had a look at the energy usage profile. Over half of the usage was on heating the car up! :)

We've only had the car since January, so that will obviously change in the summer.

Comparing that with the petrol Volvo, we used to heat the seats, but there was no app to say how much of the engine's power consumption was getting diverted into seat heating. There was no way of heating the car up before getting into it, so it was like getting into a refrigerator.

I disagree.

Nonsense.

Difficult to know where to begin explaining how utterly confused that statement is.

Thought we'd get there in the end.

That is nonsense - I suspect you know it, so why keep repeating it? The UK's high electricity prices relative to Europe are driven more by the structure of the wholesale market (gas as price-setter) and legacy policy costs than by renewables.

Which is nuts - the battery costs half that:

That doesn't look economically viable. You'd need to shift some space heating to cheap electric or get a heat pump if you don't have one already, think about hot water storage heated overnight, offset petrol savings etc. Convoluted. Plus the uncertainty of our peculiar energy supply market.

Unless there's a key variable - high mileage car user, say - I don't think solar will make a decent financial return in most cases. Personally, I adopted it for environmental reasons and intrigue more than money.

How’s that working out for the environment?

Oh dear...

It's perfectly clear. Anyone whose profits depenmd on government policy that may be changed in an instant is in a precariuous position

Well its where you started...

Total utter bollocks,

Watch Kathryn Porters you tube video Bu be warned, its not fact free, unlike renewable energy shills narratives, You might choke...

In message <10raqji$12n2n$ snipped-for-privacy@dont-email.me, at 13:31:46 on Fri, 10 Apr

Not yet.

I here to gather information, to allow me to do some maths.