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Re: Is your PV solar array generating more [Re: John V6] #691385
01/03/21 05:30 PM
01/03/21 05:30 PM
Joined: Apr 2008
Posts: 9,735
Gloucestershire, UK
Hamwich Offline
Needs to Get Out More!
Hamwich  Offline
Needs to Get Out More!

Joined: Apr 2008
Posts: 9,735
Gloucestershire, UK
Originally Posted by John V6
power prices will only climb & at best you can get 0.5% interest on cash.


This is a large part of the justification we went through. No point having cash sat in the bank these days.


Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 1957 R4 CV, 2005 Ferrari Vipar
Re: Is your PV solar array generating more [Re: Hamwich] #691395
01/03/21 06:11 PM
01/03/21 06:11 PM
Joined: Aug 2013
Posts: 13,865
Salisbury, UK
Peter J Online happy
Formerly known as Aldermog
Peter J  Online Happy
Formerly known as Aldermog
Member of the Inner Circle

Joined: Aug 2013
Posts: 13,865
Salisbury, UK
Originally Posted by Hamwich
Originally Posted by John V6
power prices will only climb & at best you can get 0.5% interest on cash.


This is a large part of the justification we went through. No point having cash sat in the bank these days.


No, buy another Morgan... probably a better return and a lot more fun than reading a bank statement.


Peter,
V8s are best....
Tarka the 'Otter Mog....2014 Plus 8
AMG C63 Estate.


Re: Is your PV solar array generating more [Re: John V6] #691398
01/03/21 06:41 PM
01/03/21 06:41 PM
Joined: Dec 2017
Posts: 1,114
Evergreen, Colorado, USA
britmog Offline
Has a lot to Say!
britmog  Offline
Has a lot to Say!

Joined: Dec 2017
Posts: 1,114
Evergreen, Colorado, USA
Thank you gentlemen for the reasoning which I fully understand and agree money in the bank is not worth anything, on that reasoning I am in the process of buying another mountain cabin with land. Land prices up here increased by 10% LY, the family selling the cabin and land don't seem to have realized that so it's a very tempting bargain.


Bruce
1964 4/4 Series V Comp (Megan)
1994 +8 (Maurice)
2013 M3W (Olga)
Re: Is your PV solar array generating more [Re: Peter J] #691404
01/03/21 07:03 PM
01/03/21 07:03 PM
Joined: Jul 2007
Posts: 19,655
Suffolk
John V6 Offline OP
Member of the Inner Circle
John V6  Offline OP
Member of the Inner Circle

Joined: Jul 2007
Posts: 19,655
Suffolk
Originally Posted by Peter J
Originally Posted by Hamwich
Originally Posted by John V6
power prices will only climb & at best you can get 0.5% interest on cash.


This is a large part of the justification we went through. No point having cash sat in the bank these days.


No, buy another Morgan... probably a better return and a lot more fun than reading a bank statement.


Did that too.


JohnV6
2014 Brooklands Edition Roadster "Brookland's Belle" #5 of 50
Re: Is your PV solar array generating more [Re: britmog] #691409
01/03/21 07:14 PM
01/03/21 07:14 PM
Joined: Apr 2008
Posts: 9,735
Gloucestershire, UK
Hamwich Offline
Needs to Get Out More!
Hamwich  Offline
Needs to Get Out More!

Joined: Apr 2008
Posts: 9,735
Gloucestershire, UK
Originally Posted by britmog
Thank you gentlemen for the reasoning which I fully understand and agree money in the bank is not worth anything, on that reasoning I am in the process of buying another mountain cabin with land. Land prices up here increased by 10% LY, the family selling the cabin and land don't seem to have realized that so it's a very tempting bargain.


Good plan. As Mark Twain said: "Buy land, they're not making it any more". We have about 5 acres around the house and some years ago bought another 17 acres about 5 miles away. Good investment.


Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 1957 R4 CV, 2005 Ferrari Vipar
Re: Is your PV solar array generating more [Re: John V6] #691410
01/03/21 07:30 PM
01/03/21 07:30 PM
Joined: Dec 2009
Posts: 27,173
Devonshire
+8Rich Offline
Member of the Inner Circle
+8Rich  Offline
Member of the Inner Circle

Joined: Dec 2009
Posts: 27,173
Devonshire
Yes watching the interest rates falling away we decided another property to long term let down here was the way to go instead of watching the bankers getting fatter on some of our surplus.
This has proved to be good timing with the advent of the latest SARS now that a lot of people are looking to move away from major conurbations.


Regards Richard

1999 Indigo Blue +8
2009 4/4 Sport Green prev
1994 Connaught Green +8 prev





Re: Is your PV solar array generating more [Re: +8Rich] #691510
02/03/21 06:48 PM
02/03/21 06:48 PM
Joined: Aug 2013
Posts: 13,865
Salisbury, UK
Peter J Online happy
Formerly known as Aldermog
Peter J  Online Happy
Formerly known as Aldermog
Member of the Inner Circle

Joined: Aug 2013
Posts: 13,865
Salisbury, UK
Originally Posted by +8Rich
Yes watching the interest rates falling away we decided another property to long term let down here was the way to go instead of watching the bankers getting fatter on some of our surplus.
This has proved to be good timing with the advent of the latest SARS now that a lot of people are looking to move away from major conurbations.


My prediction is that property that has the following 7 features will be in high demand, post COVID.

1 Within 90 min of a major business hub
2. Within 90 min of the coast and/or open country
3 With fast ( at least 32mbs) broadband
4. With 4G mobile phone connectivity
5. With good local services
6. With good local state and private schools
7 With good local culture, theatre, music, etc.

Salisbury hits all the spots.

We live on an unadopted road going nowhere, less than 5 miles from the city centre. The house cost us £265,000 in 1999.
We are advised that the market price today is north of £900,000. I view this as complete madness.
Three doors up is a 1970s 2 bed bungalow on a large plot. It is on the market at £425,000: it will be snapped up, demolished and a new 4/5 bed house put on the plot that will hit £1m.








Peter,
V8s are best....
Tarka the 'Otter Mog....2014 Plus 8
AMG C63 Estate.


Re: Is your PV solar array generating more [Re: John V6] #691511
02/03/21 06:56 PM
02/03/21 06:56 PM
Joined: Nov 2015
Posts: 3,540
Yorkshire
CooperMan Offline
Just barreling along
CooperMan  Offline
Just barreling along
Talk Morgan Addict

Joined: Nov 2015
Posts: 3,540
Yorkshire
It happens around here, known as 'Bungalow bashing'


Jon M
Re: Is your PV solar array generating more [Re: CooperMan] #691515
02/03/21 07:17 PM
02/03/21 07:17 PM
Joined: Apr 2008
Posts: 9,735
Gloucestershire, UK
Hamwich Offline
Needs to Get Out More!
Hamwich  Offline
Needs to Get Out More!

Joined: Apr 2008
Posts: 9,735
Gloucestershire, UK
Originally Posted by CooperMan
It happens around here, known as 'Bungalow bashing'


Gloucestershire too. What amazes me is that people seem quite happy to fork out what to me seems like astronomical prices for the resulting houses, 5 bedroom/double garage type jobs but on tiny little quarter-acre plots. We prefer to keep a decent distance from the neighbours, which is why we have a tatty old pile in a large plot of land.


Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 1957 R4 CV, 2005 Ferrari Vipar
Re: Is your PV solar array generating more [Re: John V6] #691519
02/03/21 07:43 PM
02/03/21 07:43 PM
Joined: May 2015
Posts: 1,209
Oxon
PaulV Offline
Has a lot to Say!
PaulV  Offline
Has a lot to Say!

Joined: May 2015
Posts: 1,209
Oxon
Originally Posted by John V6
Originally Posted by RichardV6
...Big hot water tank so that will be useful dump of excess power although not sure what programming is possible....

...ur auto switch system to heat the water. Our from memory kicks in once we start exporting over 250W. The house background usage on fridges etc is around 100-150 W

Note that if you are on mains gas today, then the cost of heating water with gas (eg Octopus at 2.92p per KWh) will be less than what some (eg Octopus at 5.5p per Kwh) will pay you for surplus electricity. Of course if you are not on mains gas or cant get a decent export price for your solar then the solar diverter might make sense.

Likewise the economics of batteries is a bit tricky - they dont seem to have reduced in price in line with battery technology used in cars for example. Plus the electric cars with the ability to act as a domestic battery are now just coming out. Although if you did want to do that, I think the "Tesla deal" (also by Octopus) with the same price for export and import is interesting... with the small caveat of needing one of their batteries!


M3W5sp 2015, MSCC, MTWC, Oxon UK
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