Are solar panels worth it to install? Brit study says no way.
September 2nd, 2008 at 10:27pm Chuck Sweeny
Germany has gone nuts marshalling everyone (Germans are good at that) to install solar panels everywhere. But solar panels haven’t gained traction in the UK. Now a study comes out that says installation costs take 100 years to recoup. read about it in The Independent and let me know your thoughts.
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1. the dude abides | September 3rd, 2008 at 11:02 am
“Jeremy Leggett, executive chairman of Solar Century, complained that [the findings] failed to assume any rise in energy prices, when a conservative estimate of 10 per cent a year would transform the calculations.
In addition, Rics had failed to take account of a number of other benefits – renewable obligations certificates worth £160 a year to householders from next year; reductions in energy consumption of up to 40 per cent for schemes with a meter; the rising payments from energy companies for spare electricity put back into the national grid; and the increased value of an energy-efficient home.
He estimated the current payback of power-generating PV panels was 13 years.”
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