So I know the general consensus is solar panels aren't worth it in terms of pay back but wonder if anyone can help with our specific circumstances?
- We are all electric (no gas where I live, solid internal walls and concrete floors make oil or an air source heat pump a no go)
- We are on economy 10. Means 10hours off peak electric is half the price of the peak electric (spread over three time periods rather than all at night like economy 7).
- We are in Scotland (sunny but cold east coast) and can get an interest free loan from the government to cover panels and battery up to 11k repayable over 10 years.
For anyone with a solar and battery system, how much on average do you save each month?
And if you are on this kind of split tariff do you save by charging the battery off peak and discharging at expensive times?
I'm currently using £80 of electric each month but it goes up massively in winter and with October increases the October to April cost is likely to be £200 plus.
Loan repayments would be £92 a month so if I can save that then effectively the technology wouldn't cost me anything. But is this unrealistic as a saving? There are lots of figures on line but they aren't based on all electric systems or economy 10