Posted by on April 23, 2012 in Financial, Solar Panels

Four Myths About Investing in Solar Roof Panels

The recent run-in that the Government had over its decision to reduce the tariff for new installations has served to reinforce just how obligated by law they are to pay you the agreed tariff when you buy them. Recent court decision has shown that it is illegal for the government to give short notice of impending changes to future tariffs let alone try to change the tariff for existing roof panel owners!

1. The feed in tariff payments are not guaranteed.

The recent run-in that the Government had over its decision to reduce the tariff for new installations has served to reinforce just how obligated by law they are to pay you the agreed tariff when you buy them. Recent court decision has shown that it is illegal for the government to give short notice of impending changes to future tariffs let alone try to change the tariff for existing roof panel owners! As guaranteed inflation proofed payments go they don’t come much better.

2. Solar power does not help reduce fossil fuel consumption.

It may be the case that with existing power station set ups its not always possible to translate all our roof power into immediate reductions into a power station’s fuel consumption. However it does make a difference and the more roof power we produce and the smarter we get with using it then over time our dependency on fossil fuel power stations will reduce. You are creating a legacy for  future generations with your roof panels.

3. You get paid for exporting your solar electricity.

For most rooftop producers this is not true. The government assumes you export 50% of all you produce and pays just over 3p for this assumed 50% – so in reality the government is simply paying you an equivalent  1.5p over the published feed-in tariff rate for what you produce, not what you export. So it makes sense to maximise your day time electricity savings and export as little as possible.

4. The feed-in tariff is not helping to reduce our energy consumption

Some environmentalists say that the feed-in tariff is not helping to reduce our energy consumption which is the quickest way of reducing our fossil fuel consumption. My experience puts the lie to that myth. Since becoming a rooftop generator my personal awareness of how to save energy in the house has grown enormously. This website is here to share the experiences and ideas of the many thousands  who are now rooftop generators and finding ever better ways of reducing their total energy bills.

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1 response to Four Myths About Investing in Solar Roof Panels




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    …This year 2013 has been a relatively good year for our household here in North Yorkshire regarding both hot water and for our P.V. system too…Hot water wise we’ve had just over six months worth of the stuff completely free, courtesy of quite a good summer, which I’m sure most of the country had as well…The P.V. system has earned enough in the way of the Feed in Tariff payments to more than cover our dual fuel energy bills, despite the increases imposed on us by our energy suppliers…Since both systems were installed late in 2010, the return on our investment has been more than 10%…When the government eventually gets around to granting private households the long overdue R.H.I. for the likes of our Evacuated Tube System, which heats our water, I estimate that the percentage of R.O.I. should increase to approximately 12 to 14% quite comfortably…We’re pleased with the way both our solar systems have performed since they’re installation back in October of 2010…Regards…Graham.

    November 14, 2013