Shropshire Seagull
Well-known member
I've look at these in the past and decided against. However, a recent cold-call bought a chap round that thoroughly explained how it all works - it would be wrong to call him a salesman, he wasn't at all pushy and basically laid out the financial model.
He did a quick survey of the roof, pitch angle, direction, available surface area and surmised a 4Kw 14 panel solution. With a couple of extra gadgets, cost £9.5k. He did some estimates based on previous energy bill annual consumption which indicated I would have return on the £9.5k in just under 10 years. A key fact in his analysis was that over the last 10 years energy costs had risen by an average of 6.5% and did I think, for the next 10 years, it would be higher, lower, or about the same? Bit like guessing house values or interest rates, but I thought probably about the same.
In terms of financing, the company [Project Solar] were able to offer a "deal" @ 9.5% over 5 years [expensive] but also suggested it could be added to your mortgage as a home improvement at probably 2%-3% over a payback period of your choice.
Anyway, the sums looked to stack up - have any of the great NSC considered Solar panels? And did you buy, defer or decide against [please share your reasoning].
He did a quick survey of the roof, pitch angle, direction, available surface area and surmised a 4Kw 14 panel solution. With a couple of extra gadgets, cost £9.5k. He did some estimates based on previous energy bill annual consumption which indicated I would have return on the £9.5k in just under 10 years. A key fact in his analysis was that over the last 10 years energy costs had risen by an average of 6.5% and did I think, for the next 10 years, it would be higher, lower, or about the same? Bit like guessing house values or interest rates, but I thought probably about the same.
In terms of financing, the company [Project Solar] were able to offer a "deal" @ 9.5% over 5 years [expensive] but also suggested it could be added to your mortgage as a home improvement at probably 2%-3% over a payback period of your choice.
Anyway, the sums looked to stack up - have any of the great NSC considered Solar panels? And did you buy, defer or decide against [please share your reasoning].