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Three points:-
1. I guess you didn't look around as that price was absolutely extortionate.
2. You don't need battery storage in this country as it is not cost effective.
3. You don't sell back to the grid at 1.5p per unit. Instead buy a solar iboost for £300 and divert all the power that would have gone back to the grid to heating the water instead. That will save you megabucks on your gas bill.
1. I got two quotes. Prices were similar.
2. Having a battery, speeded up the break even speed on both quotes.
3. My gas bill really isn’t that high (new build, well insulated house). It wouldn’t make that much difference.
Good luck to you, I hope it works out. The pay back rates have obviously improved in the last year or so. That said, it still looks like you’re looking at c10 years to get your money back.
For me, when you can get 5% interest in a bank saving account (or possibly higher if you’re willing to be more risk averse with a S&S ISA) that seems a far better option to me.
You’re right, if it takes 10 yrs to break even and maybe another 5 to see a meaningful ‘profit’,by that time global equity markets should have produced a healthy inflation +4% return plus you’re not left with an aging bunch of panels and associated gubbins sat on your roof and in your loft!
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