So, I’ve had my solar panels for a year now, and have just received my fourth cheque from British Gas for my Feed in Tariff and Export Tariff. So, in a year of having the panels, just those cheques alone have come to over £400, and that doesn’t take into account the money saved on my electric bills. British Gas have some nice tools for viewing usage, and from the following graph you can see just just how much my electric consumption went down compared to the previous year.
Summer months of course were extra good, especially July where I actually consumed next to nothing off the grid. Even the winter months show a little improvement. Rough calculations show my electric bills were approximately £300 less than the previous years.
So, what does this mean? Well, with the FiT money, Export Tariff money, and savings on my electric bill, I’m definitely on track for paying off the solar panels within the predicted 8 years. As electric prices go up, that figure may well improve somewhat too. I’m definitely glad I got them installed, I think it was a fantastic investment and certainly is going to be a better way of saving money in the long run.