- 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