All Categories› The Rail

You need to be logged in to your Sky Poker account above to post discussions and comments.

You might need to refresh your page afterwards.

Options

'I have solar panels, shares in a wind turbine and two heat pumps – and it's saved me £12,000'

HAYSIEHAYSIE Member Posts: 32,385
in The Rail

https://www.msn.com/en-gb/money/other/i-have-solar-panels-shares-in-a-wind-turbine-and-two-heat-pumps-and-it-s-saved-me-12-000/ar-AA15R6b3?ocid=msedgntp&cvid=55d93c15a5f445f28dcff4ecda172ea8
· Share on Twitter

Comments

  • Options
    EssexphilEssexphil Member Posts: 8,075
    edited January 2023
    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.
    · Share on Twitter
  • Options
    stokefcstokefc Member Posts: 7,647
    Most of us haven't got the money to spend 2k on shares 8k on solar panels and whatever it was he spent on heat pumps , how can ordinary folks invest to invest?
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    If I was a younger man, I would seriously consider buying solar panels, battery, heat pump, and an electric car.
    At todays prices it wouldnt take long to recoup the money.
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    Why does part of your house technically belong to someone else?
    · Share on Twitter
  • Options
    tai-gartai-gar Member Posts: 2,598
    HAYSIE said:

    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    Why does part of your house technically belong to someone else?
    It does if someone else owns the solar panels and you let them put them on your roof.

    If you buy your own this doesn't apply
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    tai-gar said:

    HAYSIE said:

    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    Why does part of your house technically belong to someone else?
    It does if someone else owns the solar panels and you let them put them on your roof.

    If you buy your own this doesn't apply
    Ok.
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    tai-gar said:

    HAYSIE said:

    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    Why does part of your house technically belong to someone else?
    It does if someone else owns the solar panels and you let them put them on your roof.

    If you buy your own this doesn't apply
    When I was about to retire, my old boss said he thought it was possible to make money out of solar panels.
    He offered to fund the setting up of a company, if I fancied doing it.
    I didnt really, but looked into it a bit.
    I came across a company that provided them free.
    You had to live in particular areas to qualify.
    If memory serves the deal was they supplied and installed the panels free.
    You then got free electricity during the day, and they sold the surplus to the Grid.

    I guess that this is the sort of thing that @Essexphil was referring to.
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    tai-gar said:

    HAYSIE said:

    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    Why does part of your house technically belong to someone else?
    It does if someone else owns the solar panels and you let them put them on your roof.

    If you buy your own this doesn't apply
    I suppose batteries have completely changed the solar panel game.

    Solar panel battery storage


    https://www.which.co.uk/reviews/solar-panels/article/solar-panels/solar-panel-battery-storage-a2AfJ0s5tCyT
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    If you live in Scotland, the government offers interest-free loans to homeowners to fund energy-saving improvements, including energy storage. You can borrow up to £15,000, which you must repay within 10 years. See Energy Saving Trust Home Energy Scotland to find out more.

    https://www.which.co.uk/reviews/solar-panels/article/solar-panels/solar-panel-battery-storage-a2AfJ0s5tCyT
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    Tesla, Samsung, EDF, E.on and Ovo home energy storage packages
    Big tech brands including Samsung and Tesla sell home-energy storage systems. Energy companies including EDF Energy, Eon and Ovo are also currently selling solar panel and storage packages.

    EDF Energy sells solar batteries and says customers can get a discount in return for helping EDF balance the grid. It says it’s trying to create a ‘network of small-scale batteries to help balance the peaks and troughs of energy production and customer demand'.

    Eon is selling batteries alongside solar panels so that customers can store excess electricity generated, or charge their electric vehicle. It also pays its customers for excess electricity they export to the grid.

    Ovo Energy is selling a home energy storage device which charges from the grid when electricity is cheaper and less carbon-intensive, and discharges it to run appliances when electricity is pricier and more carbon-intensive later.

    https://www.which.co.uk/reviews/solar-panels/article/solar-panels/solar-panel-battery-storage-a2AfJ0s5tCyT
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    Do I have to have solar panels to install a battery?


    No. You can charge a home battery using electricity you buy from the grid. If you have a time-of-use electricity tariff you can save money by charging your battery when electricity is cheaper, and using the power from it so you're not buying from the grid at pricey peak times.

    But most people do not have time-of-use tariffs yet. These will become more widely available as smart meters are rolled-out, as smart meters will make it easy for energy companies to see exactly when you've used energy. Economy 7 and Economy 10 are types of traditional time-of-use tariffs, usually linked to storage heating systems.

    https://www.which.co.uk/reviews/solar-panels/article/solar-panels/solar-panel-battery-storage-a2AfJ0s5tCyT
    · Share on Twitter
  • Options
    Tikay10Tikay10 Member, Administrator, Moderator Posts: 160,970
    HAYSIE said:

    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    If I was a younger man, I would seriously consider buying solar panels, battery, heat pump, and an electric car.
    At todays prices it wouldnt take long to recoup the money.
    @HAYSIE


    God help the salesman who tries to sell you something.
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    Tikay10 said:

    HAYSIE said:

    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    If I was a younger man, I would seriously consider buying solar panels, battery, heat pump, and an electric car.
    At todays prices it wouldnt take long to recoup the money.
    @HAYSIE


    God help the salesman who tries to sell you something.
    There are people that have made foolish attempts.
    · Share on Twitter
  • Options
    Tikay10Tikay10 Member, Administrator, Moderator Posts: 160,970
    HAYSIE said:

    Tikay10 said:

    HAYSIE said:

    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    If I was a younger man, I would seriously consider buying solar panels, battery, heat pump, and an electric car.
    At todays prices it wouldnt take long to recoup the money.
    @HAYSIE


    God help the salesman who tries to sell you something.
    There are people that have made foolish attempts.
    @HAYSIE

    Bet they never tried a second time.
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    Tikay10 said:

    HAYSIE said:

    Tikay10 said:

    HAYSIE said:

    Essexphil said:

    Solar panels.

    Usually, part of your house technically belongs to someone else.

    Selling your house typically takes twice as long. With double the Conveyancing costs. Same for the Buyer.

    It is right up there with Probate Sales as something to be wary about.

    If I was a younger man, I would seriously consider buying solar panels, battery, heat pump, and an electric car.
    At todays prices it wouldnt take long to recoup the money.
    @HAYSIE


    God help the salesman who tries to sell you something.
    There are people that have made foolish attempts.
    @HAYSIE

    Bet they never tried a second time.
    No.
    · Share on Twitter
  • Options
    HAYSIEHAYSIE Member Posts: 32,385
    British Gas triggers price war over heat pumps as families aim to make household energy more green



    The move will bring down the starting cost to £2,999 in England and Wales. Normally, the cost of installing an air source heat pump would be £8,000, depending on the size of the property.

    https://www.dailymail.co.uk/news/article-11642373/British-Gas-triggers-price-war-heat-pumps-families-aim-make-household-energy-green.html
    · Share on Twitter
Sign In or Register to comment.