On Nov 1, 8:44*pm, Roger Chapman wrote:
On 01/11/2011 19:28, dennis@home wrote:



"Roger Chapman" wrote in message
...

Harry appears to have invested some 15,000 and if we assume his 8% so
far this year translates into 10% over the course of a full year he
will be lucky to get all his capital back in ten years as the FIT
reduces year by year.

Harry's fit doesn't reduce year by year, it goes up as its index linked..
It was intended that *new* installations would start at a lower rate of
fit each year.
Now they are halving it on *new* installations.

Mea culpa. I looked at the table and assumed that the year on year
tables showed a declining return rather than a declining investment for
new entrants.

I see they have indexed by RPI so far. How long before that changes to
the lower index?

A wasting investment of 15000 needs to pay 600 pa just to return the
capital in 25 years. At 21p that is 2857 KWH just to recover the
capital. Dodgy.

--
Roger Chapman

Well I had more than £600 for the first quarter of use.
The only thing that worries me is the reliabilty of the technolgy.
It's guaranteed for five years but the firm may be bust by then,
especially after the recent announcemnt.

However fault finding looks to be easy enough I could probably fix it
myself.