Do Solar panels still give a good investment return?The Feed In Tariff (FIT) rates have plummeted since 2011 but are solar panels still a good investment? When FITs were announced in 2010 the cost of solar panels were around £16,000 for a 3-4 kWp system and FIT payments were around 45p per kWh generated.
|Do Solar panels still give a good investment return?|
So £16,000 for a system paying 45p FIT is much the same return as a £5000 system being paid out at 15p FIT rates. The solar electricity generated will be the same for a system regardless of the FIT rate paid so the returns should be comparable.
Do you agree or do you think that solar is no longer a good investment?