If you own your own home, get solar panels. Get a 10 year loan, at a green interest rate. You will, at worst, break even over the 10 years, probably save money. And after the loan is paid off, you have basically free electricity for another 20 years.
@KitMurray
I don't know what Niall's cost.
Our system cost 7000 for 8 panels, 4 in front, 4 in back. It was installed in November, too soon to estimate the annual return.
@ray_cun
My panels will be paid back in less than 4 years under our system here and at current electricity prices.
I very much doubt they will last more than 15 though.
While it’s great for me personally, they’ve produced almost nothing the past two months, when the grid needed it most.
@ray_cun
Why doesn't the State invest in this then instead of ordinary working people who have been crushed by a cost of living crisis and housing crisis? We should be moving to Green energy as fast as possible. It shouldn't be left to a personal investment choice.
@SocialistDenman
The state is driving a big shift to renewable electricity at a national level, installing solar and schools around the country, and helping homeowners and farmers move to renewable energy themselves.
@ray_cun
@rayofoghlu
Do you have a heat pump installed too? I hear solar panels are more effective in saving money if you have a heat pump installed not sure if this is true
@JonathanFearon1
@rayofoghlu
We don't, budget didn't go that far. The work we have done has brought us to a B1 rating, I'd like to get a heat pump next. Probably a few years before I can start that conversation though!
@ray_cun
You need to home to use the energy though or batteries are very expensive. I’d love to add them but the cost and payback is just too much at present. A government backed 0% loan would be a huge incentive.
@ray_cun
I installed panels on the cheap(ish) as I was putting up a roof on a garage, and the bit that the panels covered didn't need slates, saving me about 1000 of the 7000 I spent. The payback was supposed to be 7 to 8 years, but with electricity prices gone so high, it's below 4 years