steelman99 wrote:Thanks everyone for their views
I Installed solar panels in the early days when they cost £13k , back in 2011 , In those 10 yrs ive covered the cost of the pannels with FIT payments ,in fact as of today im £1500 up on my original investment , plus theres whatever electric i got off the pannels so now the FIT is all profit. and it looks like im going to be getting over 60p per unit of electric from the FIT.
The thoughts on batterys was just how much more i would save by adding batterys - asked for a smart meter and EDF messed it up , got one for gas but not for electric , once i know how much im sending back guess i will have more idea about batterys
Wow! If you are getting 60p per unit (kWh) on your FIT, then I think you will find it very difficult to justify a battery.
Is this 60p really right? I ask because the replacement for the FIT scheme, the Smart Export Guarantee (SEG) only pays 5p to 6p per unit!
If you had a smart meter you would probably find that you export ~70% of what your panels produce per year, unless you use huge amounts of electricity during the daytime. By storing that electricity in a battery and using it when your panels are not producing you will be saving 15p to 20p per unit (kWh), which is way below what the FIT scheme is paying you.
Surely you are better off selling your surplus at 60p and buying it back at 20p?
FD