Opinions please on me putting a 2.5kW roof mounted turbine on my garage - am I mad?
I asked AI to analyse their documents and explain to me on this point.
It says
Retail Value Savings:
- The electricity generated by your share of the wind farm is credited directly against your electricity bill at the retail rate. This means that if you invest in enough energy to cover 4500 kWh per year, the savings on your bill would reflect the cost of 4500 kWh at the rate you would otherwise be paying to your energy supplier (e.g., 19p per kWh).
2. How It Works:
- Ripple Energy partners with specific energy suppliers who manage these credits. When the wind farm generates electricity, the equivalent amount is deducted from your bill as if you had consumed it from the grid. You effectively receive the full retail value of the energy you’ve invested in.
3. No Wholesale Rates:
- Since the credit is applied based on the retail value, there’s no impact from the wholesale market prices. You are benefiting directly from the electricity offset, meaning your savings are calculated at the same rate that you would otherwise pay on your electricity bill.
@gary thanks Gary.
The share offer document gives an estimated return rate of 6.3% and the calculations provided by the site are also different again from that.
confusing. But even still probably worth it at 6.55p. I’ll sleep on it, I think.
@marvinator80 did you ever pull the trigger in this?
Buy Bodge Buster – Homeowner Air Source Heat Pump Installation Guide: https://amzn.to/3NVndlU
From Zero to Heat Pump Hero: https://amzn.to/4bWkPFb
Subscribe and follow our Homeowners’ Q&A heat pump podcast
- 26 Forums
- 2,104 Topics
- 46.3 K Posts
- 101 Online
- 3,393 Members
Join Us!
Latest Posts
-
@pie_eater I have been thinking of adding cooling to my...
By TechnoGeek , 19 hours ago
-
RE: BUS Grant: removal of all other fossil fuel heat sources
Hi all, thanks for your help. The installer has confirm...
By Rikiarn , 1 day ago
-
RE: No-code, plug-and-play monitoring for your heat pump
Just in case anyone is looking at Planet Atmo- we've ma...
By benson , 2 days ago
-
RE: Victorian Semi Retrofit / Extension ASHP and UFH Advice
Agree, but you may have a hard time convincing them, as...
By JamesPa , 2 days ago
-
RE: Seal the Deal: Don't Let Your Heat Pump Leak Energy
Hi - fyi - there's a dead image link in the 'Optimal In...
By seatonian , 3 days ago
-
RE: Ripped Off: How UK Homeowners Are Paying Gas Prices for Wind Energy
@chandykris Horses and beggars…. 😉 Toodles.
By Toodles , 3 days ago
-
RE: Cleaning up after gas meter removed
@agentgeorge Likewise in the loft space; we have 300mm ...
By Toodles , 3 days ago
-
RE: Ecodan consuming 100kwh per day in new build!!!
This particular example is one of the worst I have seen...
By JamesPa , 3 days ago
-
-
RE: Fan running in hot weather ...why?
I wonder if it has some kind of pressure transducer to ...
By ASHP-BOBBA , 4 days ago
-
RE: Cooling with Samsung Gen6 and Flow error
@iaack The system isnt running long enough for any cond...
By EcoBaker , 4 days ago
-
@heacol thanks for confirming we can only hope NAPIT ag...
By Bart , 4 days ago
-
Sorry to hear that @bruce. Sadly I’ve heard from multip...
By Mars , 5 days ago
-
RE: Crystal Ball Time: Communal or even Area Energy Storage?
I am invested in a couple of listed energy storage fund...
By Old_Scientist , 6 days ago
-
RE: Who's your electricity provider and what's your tariff?
That would be my biggest commitment -time to gain great...
By SUNandAIR , 6 days ago
-
RE: Who has a V2G EV installation
As has been discussed on other threads, trying to justi...
By Majordennisbloodnok , 6 days ago
-
RE: Aira Heat Pump: Stylish Scandinavian Heating
Thanks @mikeh. Then I will also go back to non smart ta...
By ChandyKris , 7 days ago