I think most people would prefer net metering-to me it seems more socially equitable and does away with this poor subsidising the rich and means not reliant on state kind handouts.
In 10yrs time a 4Kwp system producing 4000Kwh/yr at say 20p/Kwh would give £800 return on a system then costing say £10K gives a ROI of 8% (tax free). A lot of people could go for that!
Ken
Ken, I think most people would agree with you regarding net metering, or at the very least see it as a fair way to save on bills and be rewarded for local supply. After all why pay FITs, if the householder is paid the full electricity rate for export as it's going to go directly into the local neighbourhood.
Numbers might be even more optimistic.
Assume 5 years 5% electricity inflation and you're already up to 17p for a Kwh, a south roof could as you say generate around 4,000Kwh, but by 2017 will hopefully cost less than £7,000 (hopefully a lot less).
4,000 * 17p (savings or export) = £680
£680 / £7,000 = 9.7% a very good return
an East or West system, would still be viable, 3,000Kwh * 17p = £510 / £7,000 = 7.29%
I appreciate that there are very many other costs in supplying electricity, but it would be hard for critics to knock a full export rate if used to encourage renewables.
In 10 years, we could see 20p electricity, with 10p export, average income / savings approx 15p. Install £5,000?
so 4000 * 15p = £600
£600 / £5,000 = 12%
Maybe East or West, £450 / £5,000 = 9%
Nice.
Mart.