Generating some of your own electricity has never looked so appealing, so just to let everyone know that the Milborne Port and Sherborne (and surrounding villages) community solar panels scheme is still open.
- System prices have gone up by around 25%, driven by higher equipment wholesale prices and higher transport costs
- However from April 1st the VAT at 5% has been removed so that's taken it slightly the other way
- But energy prices have gone mad - the formal price capped prices have gone up by 54% from 1st April and look like they will go higher in October
- That has meant that the return on investment on Solar PV has improved dramatically, depending on which energy price you use you are probably looking at between 2 and 4 years less than the typical payback of 11 years last year - so down to between 7 and 9 depending on prices (though it's also worth looking at them as you would a holiday or a new kitchen - A Good Thing with the bonus of a return!)
- That has meant that IDDEA are inundated with enquiries so realistically any enquiry at the moment may take a couple of months before it turns into a quote rather than a couple of weeks
- System prices have gone up by around 25%, driven by higher equipment wholesale prices and higher transport costs
- However from April 1st the VAT at 5% has been removed so that's taken it slightly the other way
- But energy prices have gone mad - the formal price capped prices have gone up by 54% from 1st April and look like they will go higher in October
- That has meant that the return on investment on Solar PV has improved dramatically, depending on which energy price you use you are probably looking at between 2 and 4 years less than the typical payback of 11 years last year - so down to between 7 and 9 depending on prices (though it's also worth looking at them as you would a holiday or a new kitchen - A Good Thing with the bonus of a return!)
- That has meant that IDDEA are inundated with enquiries so realistically any enquiry at the moment may take a couple of months before it turns into a quote rather than a couple of weeks
