Solar PV - [not] Great Expectations!

[Ihavenojob]

Sorry for having an opinion.

How's that £51,000 Kia doing?

Not surprised you're more than a little tetchy.

Is that the diesel hybrid? Kia can't keep up with the number of engines that need replacing.

 

[IT Minion]

Unless you account for the price of the batteries.

Its a tricky one, when you calculate the break even point on batteries it needs a decent difference between purchase and sale price, and to assume a set life for the battery itself. If they last long enough they should be able to return the cost and more, but if they die early then you're out of pocket.

When I ran the numbers my PV alone would have broken even after around 6-8 years. With a battery it was 8-10 years, but for every year after break even that they survive my batteries should be saving an additional £200 or so.

 

[JohnD]

When I ran the numbers my PV alone would have broken even after around 6-8 years. With a battery it was 8-10 years, but for every year after break even that they survive my batteries should be saving an additional £200 or so.

If you had put the money in a sock under the bed, you would break even on day one

If you invested it, you could expect growth and/or income from day one, and could withdraw your investment whenever you wanted. After 8-10 years you could expect a useful gain. And investments do not wear out.

 

[ReganAndCarter]

Is that the diesel hybrid? Kia can't keep up with the number of engines that need replacing.

No, just the full on battery thing.

Didn't realise anyone made diesel hybrids.

 

[ajohn]

Interesting video. includes info on a man that spent £15k and some details on other green aspects.

 

[IT Minion]

If you had put the money in a sock under the bed, you would break even on day one

If you invested it, you could expect growth and/or income from day one, and could withdraw your investment whenever you wanted. After 8-10 years you could expect a useful gain. And investments do not wear out.

Sure, crack open the calculator and let me know what % ROI would be needed to match or beat an 8k spend with 1k a year return for 20 years. (Price for just the PV panels when I bought them and lower than actual returns, and 2/3 the expected lifespan)

Its possible I've made a bad investment but I'm not convinced.

 

[Brigadier]

Is that the diesel hybrid? Kia can't keep up with the number of engines that need replacing.

As neither of you know what you're dribbling on about, best you both stop doing so

 

[Ihavenojob]

As neither of you know what you're dribbling on about, best you both stop doing so

I was talking about the hybrid, guy over the road has a Hyundai (same engine) one. His went in and he said the carpark was full of cars waiting for engines under warranty.

 

[Brigadier]

I was talking about the hybrid, guy over the road has a Hyundai (same engine) one. His went in and he said the carpark was full of cars waiting for engines under warranty.

Diesel?

 

[ajohn]

Diesel?

Maybe they filled up at the wrong pump?

 

[Ihavenojob]

Diesel?

Diesel mild hybrid.

 

[IT Minion]

Diesel mild hybrid.

Mild hybrid is a starter motor with delusions of grandeur.

 

[Brigadier]

Well, if hyundai make diesel hybrids, I stand humbly corrected

Still nowt to do with mine though.

 

[Ihavenojob]

Still nowt to do with mine though.

I didn't know which Kia you had, which is why I asked. I had a Kia a couple of years ago, an Optima SW Gt line S. Lovely car, but I was worried about putting all my fishing tackle in it and ruining it, so got a diesel Passat estate.

 

[ajohn]

Well, if hyundai make diesel hybrids, I stand humbly corrected

Me too. They introduced one in 2018 but a mild hybrid. 48v battery. To my mind these are an extra expense with not much gain over just having the engine.

Eg My Subaru Forester now comes in this form but petrol engine. It can't match the fuel consumption of my diesel. KIa's claims on gain over a pure diesel aren't exactly great. Odd too as Kia engines have a good reputation.