House near me has just gone on market so I had a nose. It's listed as having an annual income of £1600-2000. This would be for a single south facing pitch - I guess maybe 25 square meters of panels.
Does that seem a realistic return?
Possibly, from what I understand they'd get one rate for all electricity generated and then another rate for what is exported. These rates depend on the contract and how old it is, the older the better the rates I believe. You then need to factor in the size of the install. I did look into Solar PV for home but the gravy train appeared over and the repayment period looked to be circa 15-20years for me.
Would be amazed if you got £2k. £1500 possibly, but depends on the year of installation and hence tariff rate. Would need to be one of the first batch of solar installations eligible for rhi, to get £1500. A quick calculation would suggest they would need to generate 3000 kWh a year, with a tariff of 50p /kWh, again possible but depends on installation and tariff.
I’d be more interested in who owns the panels and what warranty is with them
Depends on the size and optimisation of the system.
My dad's has earned him up to about 3k per year, usually closer to 2.5k, but is is a max size 4kw system with basically the most optimum possible angle, orientation, view of the sky and number of strings.
The lower end of that quote seems more typical, but it depends on which FIT the system was installed on.
Mine earn around £1800ish. Not a perfect site, but no shading and well in the south uk. 3.9kw peak. I was an early adopter. Ask them when they were fitted, as the FIT dropped gradually over the years to £0 (I think).
Maybe they are using the power to grow weed in the loft and are using the profit from that in the calculation?
Does the deal stay with panels or stop when owner moves out?
What is a realistic income for a set fitted today?
We get about £1800 pa, so the figures seem about right. However we are in the South, have a south facing rook, no shading and about the right pitch.
What is a realistic income for a set fitted today?
Nothing. The tariff closed to new applicants last week
Nothing. The tariff closed to new applicants last week
Well that put an end to my train of thought!
100% possible on the earliest tariff (currently pays about 55p/kWh) with the biggest permitted development/permitted connection possible at the time - 3.68kWp. anywhere south of Birmingham with a South facing roof can expect up to 3600kWh.
£1800 easy.
I agree, it’s possible. You need to know what FIT rate they’re on. I have no idea if the FIT stays with the installation and carries on over a sale, but someone here must know, having done it.
Our 4kW system has generated 3000 kWh for each of the last three years. The income is calculated on an assumed 50% feed in of that, which is standard I believe.
Does the deal stay with panels or stop when owner moves out?
I believe the deal ports to the new owners actually.