foxbox
Member
- Location
- West Northants
May i ask what sort of electric bill do you get of do you have solar aswell?
We're feeding it in part from a solar array however this was only budgeted to supply around 25% of the power required. Difficult to be sure what % is actually supplied by it as it is also supplying the fans on the grainstore and the other farm buildings too and we haven't got clever enough metering to take all of this in to account.
Simplistic version of the economics behind it though; the install cost roughly twice as much as a conservative projected cost of the oil and boiler maintenance for the next 20 years. RHI and associated savings/income will return 1.5x the investment. So even if the system massively under-performs and the RHI only repays the investment (and we end up with a 0 balance) we're still considerably better off than if we'd just burnt oil for the fun of it for 20 years. And yes; these figures did factor in cost of financing, interest, tax implications etc as best we can too. So far we're achieving what was projected and we're therefore happy . I've no intention of discussing the economics of it further than this but the point remains; technically heating water to 55C with GSHP's can and does work and financially (vs oil and LPG) it pays too.