K
KDM
I'm poised to spend £11,500 on a 4kW installation. Here in NI, we still have top-end ROCs and the installer ran some figures for us. He projects an annual return from the installation of around £2,000.
We even have a loan option which means we'd only earn around £1,000 for the first 5 years, so it wouldn't cost us a penny.
Does this seem likely? I understand that the government pays us for generating electricity even if we use it ourselves and we get to sell back anything we don't use, because they have to reduce the carbon footprint, but if this thing is such a no-brainer, why doesn't EVERYONE do it? It's money for nothing, apparently.
I just have this little voice in my head saying "...too good to be true..."
We even have a loan option which means we'd only earn around £1,000 for the first 5 years, so it wouldn't cost us a penny.
Does this seem likely? I understand that the government pays us for generating electricity even if we use it ourselves and we get to sell back anything we don't use, because they have to reduce the carbon footprint, but if this thing is such a no-brainer, why doesn't EVERYONE do it? It's money for nothing, apparently.
I just have this little voice in my head saying "...too good to be true..."