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if you were 50% out it'd be 1800...not 2400. 2400 is twice 1200 (100%+ 100%)
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I just did rough sums and it looks like the 1200 saving is in year 15 alone!
I make the total saving over the 15 years at roughly 9400! (This assumes that the fuel inflation of 12% is annual and not total inflation over the 15 years) |
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Just a few questions on this:
Why would you take 15 years as the period to determine your ROI? Solar systems can operate for 30 years or so.. |

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Also if a house is well insulated like swanners is then why not invest your money in something that has a good return? And a few comments. I think a 60% solar fraction is entirely possible - depends on whether the system you install is designed to give you that. |
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| It's worth noting that 12c per kWh is assuming the water is being heated with gas/oil really. If the water is heated with electricty your cost per kWh is more like 15c per kWh inc VAT and rising. |
but
I agree - it does depend - and may be if you are just using an immersion for your h/w then spending 4K may help with this might make sense (although you should look at other heat sources if you are refurbing your h/w & heating system
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The value of having a clean and Irish source of fuel in our energy mix is also not quantified here. In terms of energy security this is advantageous as it is in terms of climate change mitigation. As a country we buy 90% of our energy needs from other countries - we are very exposed in this regard and we need to change this to be more competitive as an economy. Solar thermal can be a small contribution to this and is an easy one to make happen. |
just looking at a purely financial return


boxes to enter you own deamand figures