At RenewSolar, we always have looked at value, Solar works if it represents good value for money and we have also targeted the lowest Return on Investment time in the industry. You should not be breaking even in 10 years, but in 3 or 4 year.
Solar systems have become more costly as funding in china was cut recently and also the tariff taxes on China to make capitalism win over the other way of life and business (BRICS). This has without more made buying solar less of a bargain in recent years, but for those having a larger electrical bill from the “the war” it does make a difference where an excuse to raise prices is well underway.
One of the ways in which you can save is by using our import project management services.
RenewSolar works direct with producers which means there are less middle men and therefore the costs are much lower than you will see in UK retail. The savings are bigger and therefore this option offers better value.
Behind the scenes
RenewSolar is not your typical turn-over business model, we carry out testing and quality control here in the UK, and we also have a Euro company. When it comes to hardware, we do a lot of work to find and work with global suppliers to get the best prices on hardware, without cutting corners. This is why you will see some things on our shop have what may appear to be different prices for the same thing. These are the “levels” where our standard is high, then we have a budget offering with as much cost saving as possible.
This makes buying from RenewSolar more simple if you are looking to keep to a budget. and also gives buyers peace of mind knowing that we have done all the work so that you do not have to.
Our business model differs in that we are a broker for the most part, We provide the facilities for you to buy hardware, and when it is at cost, the payment is our consultation fees or our project management services.
The Price point and Value with Solar
Much of the time, people will look for solar after following some online advice and promotional video, Often this can be a little misleading and there are plenty of “experts” out there who are less than accurate.
There are a few value points when it comes to solar and finding yours can be a little bit of a hard reality.
Solar power works in the day, therefore if you use power at night, then a battery system will be required.
If you are just trying to lower your bill for the least amount of money, then a grid tied system will do this.
A battery works by storing power from the solar production, and when the suns down or weak, then the power is supplemented by the battery. The size of the battery matters and the bigger the battery the larger the cost. But this does not always go hand in hand.
No Solar Saver example
I will assume that you know you do not need solar to save money? You can have an inverter and a battery and store power from “cheap rate” power, This means that if you have a EV rate, maybe £0.04kWh then a standard rate of £0.32kWh then clearly you could by cheap and use high.
Lets do the math on this together.
a 15kwh Battery is around £1300.
a 6Kw inverter is around £1000.
So we will use this base price (£2300) as a cost.
At peak rate that’s 7188Kwh in costs or 480 Battery Cycles.
Without solar we have to consider that you are paying to charge the battery at cheap rate.
That then becomes a total of 8214Kwh or 548 Battery Cycles.
The battery cycle saving is £4.20 (This is the low rate charge vs the high rate use) and the annual “saving” is £1,533 Meaning that the saving you would make does NOT start until 1.5 years of the system working for you.
This is because you have paid for the power by buying the hardware that you needed, you reach the “break even” point in the process. Therefore by year 2.5 you would have your first actual saving of £1,533 or a little more as the prices rise.
The example here may appear scalable, but it is not, The costs of hardware and the actual usage may vary and its only by using the whole cycle from the battery that you gain the value and the return times that I have set out.
Mini – Micro Solar as a comparison.
Small solar that is grid tied can be a little cheaper in terms of “start up costs” for your solar project. With these systems you save only what you use. unless you had SEG where you will get paid for your export.
We will start with the costs,
£280 which is a micro inverter 800w with two solar panels.
The sun hours make a difference here as you cannot have all day sun every day of the year. so this means that you will have a more limited amount of “free power” from the sun. Around 1100 kwh a year is pretty easy to get. Thats a saving of £352.
Time of use really matters here, as if you are at home during the sun you may well use the power that you make, but at 800w you will be sometimes making more power than the base load – the base load is what your home uses without anyone there, so things left on, like wifi, fridges.. The base load should be around 350w.
But if you are home and put your 2kw kettle on, then you’re only getting a discount on your power use.
This may be only 500w, so there is 1.5kw that you are still taking from the grid.
The extra power you may and do not use, goes to the grid which they will sell for full rate, and you may get SEG payments, but it is not worth it with such a small system, and yes you can scale, but without the battery, you cannot make big savings.
Hopefully this has given you food for thought on where and what to do, you can have a battery system and token solar, but that works a little different as it saves your battery during the day for use at night. or can reduce the charge costs.
You can book consultations via the shop. and have a personal review and advice on the solution and costs that meets your needs and ideas.
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