Bam Bam
Established Member
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- Feb 6, 2024
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- Oxfordshire, UK
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- MG4 SE SR
Not sure I've understood your questions.Thanks for all the input. Could anyone specifically clarify two things.
First, how come the projected payback time is less than the time it would take me to pay the capital cost for electricity at my current direct debit rate, and
Second, given that solar generation only really happens in the summer, how is it possible not to rack up a lot of expenditure from the grid in winter?
1. Does the projection assume that you will cash in some of the credit? You can get an income during the Summer from selling the electricity, though if you keep it as credit you won't have to declare it for tax purposes (at least that is my understanding).
One company was convinced we should get much more solar and battery than the others. I looked through their spreadsheet and they were assuming that energy prices would continue to rise at pandemic rates forevermore. Perhaps they will but it seemed like a big assumption to me! I now wish I had got as many panels as they suggested, though not the expensive powerwall.
2. We built up around £300 credit last summer and gradually got through it over the winter. Having the battery is great for savings sessions in the winter as well - full export and you are paid handsomely.