10 Years of Solar Panels - How Much Electricity Generated & Money Made?

 It's exactly 10 years since our solar panels were commissioned on 19th November 2011

We've now generated 32528 kWh of electricity in that time so an average of 3250 kWh per year.

Our panels paid for themselves in 5 years and we still have another 15 years of Feed in Tariff payments to come, all of which are index linked. The current payment is 58p per kWh generated which looks like it might increase by 6% in April 2022.

The total FIT payments received so far is £16869.12 which includes the export payments as well. We have also had electricity costing approximately £4500 to use as well. The system cost £9000 so taking into account the electricity that we've saved it's been a very good investment.

Have you got a solar PV system installed? How do you find your generation in comparison? Is our production exceptional or similar? Please give your feedback in the comments below

10 Years of Solar Panels - How Much Electricity Generated & Money Made?

Good Inflation News for Solar! RPI Jumps in October

 The news today is all about the high levels of inflation in the UK, the core CPI rate has risen to 4.2% for October 2021 as a result of price increases for used cars, gas/electricity and petrol amongst other things. It might be bad news for consumers but if you have solar panels with the Feed in Tariff it could be good news as your FIT rate will increase by a higher amount.

The CPI rate isn't the one used for calculating the FIT prices, it's actually determined using the RPI (Retail Prices Index) which is no longer consider an official statistic any more so is a bit harder to find. However if you search the ONS website you'll see that RPI for October was a staggering  6%.

If this stays the same it means that the FIT rate will increase from 56.03p per kWh to 59.39p per kWh in April. 

If RPI increases further as is expected then we may breach the 60p FIT level. That'll help to offset the massive rise in gas and electricity prices we're paying!

Good Inflation News for Solar! RPI Jumps in October