So we're seriously considering installing Solar PV within the next 6 months and I've been trying to estimate the potential savings
TLDR, we're currently consuming around 10,700kWh from the grid, around 43% at night rate. Currently that costs €185 per month, but if Energia raise prices by 30-40% in line with other suppliers, this could go to around €250 per month
I've estimated with a 7.2kWp array we'll generate 7,000kWh per year. I'm confident that using a 9.8kWh battery I can shift almost all daytime consumtion to night rate.
So when I broke it down, I estimated between self consumption, shifting import to night rate, and export payments our bill would fall to just under €50 per month
So between €135 and €200 saved per month, depending on how the price rises go
This seems VERY good. Like a bit too good...
I know it's best case, so I'd be expecting to maybe fall short by around 10-20%
I've got my figures below, if someone could double check them for me that would be really helpful:
First, the situation today. I based these on my current plan and meter readings I took for the past year. I'm currently on a level pay of €182 per month so the estimate looks fairly close
Then we've got at 40% increase, which seems like the worst case for now. Average cost goes up to over €260 per month
Then I used PV-GIS to calculated my monthly generation. I used this and my consumtion data to estimate my import and export from the grid. I then calculated the cost/value of these using the current cheapest night rate (Energia EV plan) and Energia's export rate
Finally I worked out the annual cost by subtracting the export value from import cost, added in the standing rate and averaged across 12 month
The system cost is VERY much an estimate, I think if I buy the panels and inverter myself, do a DIY battery and get the SEAI grant to cover the installation then €13.5k is possible. It'll probably be a bit more, but I don't think it'll be double that
The savings and payback time are based on today's rate and the rate with a 40% increase
So...where did I screw up? 😁