solar panels on the roof and what you'll get back

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My neighbour is spending £12K on these, he says the electricity board will pay him back £80K over the next 25years, if the panels go wrong they'll be replaced for free under insurance. It all sounds like a load of old double glazing/wall coating B******* to me. Or is this really correct?
 
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It does seem too good to be true. It will depend on inflation as to if pay back works out. Unlikely the tariff will keep pace with inflation. It seems the output does not line up with what the firms claim and there has been a Radio 4 program about the problems. From what the program said only the sterling engine and generator built into gas central heating boilers seems to pay back what they claim. And then only with old houses with not enough insulation anyway.
 
Blimey Holmslaw, you're a lad, what an amazing place to live..................how did you end up there?
 
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He also needs to read and understand the small print in the contract.

Some of these installations effective rent the roof from the house owner. Not a problem ( other than insurance etc ) but can be a big problem if the house it to be sold. In effect the buyer is getting a house with a sitting tenant on the roof.
 
Blimey Holmslaw, you're a lad, what an amazing place to live..................how did you end up there?

At a guess, Holmslaw has been doing the Skodapuzzle each week. That would explain the location. ;) ;) ;)
 
It does seem too good to be true. It will depend on inflation as to if pay back works out. Unlikely the tariff will keep pace with inflation. It seems the output does not line up with what the firms claim and there has been a Radio 4 program about the problems. From what the program said only the sterling engine and generator built into gas central heating boilers seems to pay back what they claim. And then only with old houses with not enough insulation anyway.

The big question is, do the panels actually repay the vast quantities of CO2 required to construct the panels in the first place?
 
The big question is, do the panels actually repay the vast quantities of CO2 required to construct the panels in the first place?
No problem. If you generate CO2 you'll pay tax on it.

Cameron has proudly announced that we shall be in the vanguard of CO2 minimisation by taxing CO2 more heavily than anywhere else. So the construction of the panels will be exported, along with the jobs so the CO2 won't count to the UK's total.
 

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