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Following a slightly leading question from my colleague David, I've done some
quantitative analysis on the potential savings now and under a hypothetical Renewable Heat Incentive regime.  The RHI will now require metered amounts for which I've used the modelled kWh savings from a solar  thermal system over a non solar thermal system.  In reality these may be below the actual meter amounts as these will include any storage losses.

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I've modelled:
   -  1) an A rated combi boiler  (although the house and number of bathrooms is too large for a combi)
    - 2) an A rated combi boiler with low flow showerhead
    - 3) an A rated boiler with a solar ready 250litre cylinder
    - 4) an A rated boiler with a solar ready 250litre cylinder and ultra low flow showerheads
    - 5) an A rated boiler, solar thermal system and 250litre cylinder
    - 6) an A rated boiler, solar thermal system and 250litre cylinder and RHI payments
    - 7) an A rated boiler, solar thermal system and 250litre cylinder and low flow showerhead
    - 8) an A rated boiler, solar thermal system and 250litre cylinder and low flow showerhead and RHI payments

Not done yet....I've also looked at the paybacks with fuel prices and RHI prices remaining static as well as with a 10% annual increase in fuel prices and a 2.5% increase in RHI payments.

I've applied costs that are either marginal (i.e. for solar thermal) or that apportioned to the hot water (i.e. in the case of a boiler).
And here are the results:
       Annual Saving        Install Cost             Payback                        Payback                        20 year savings
            (year 1)                                        (static prices)        (with prices increases)            (less capital outlay)
1)          £125                    £200                    <2 years                        <2 years                              £6,959
2)          £143                    £250                    <2 years                        <2 years                              £7,940
3)          £107                  £1,000                   <9 years                        <7 years                              £5,071
4)          £146                  £1,050                   <8 years                        <6 years                              £6,853    
5)          £171                  £3,500                  <20 years                      <12 years                             £6,638
6)          £309                  £3,500                  <11 years                        <9 years                            £10,163
7)          £195                  £3,550                  <18 years                      <11 years                             £7,676
8)          £310                  £3,550                  <11 years                        <9 years                            £10,614
 


Comments

27/09/2011 20:29

Hi,

I was wondering what your cost breakdown was on the solar thermal components?

Had you looked at using a standard off-the-shelf cylinder instead of the solar-specific one? There is some research which suggests that using a standard cylinder with a flat plate heat exchanger lowers capital costs, and also gives more usable hot water in the UK climate.

I can get very nerdy on the details if you like...

Tim.

Reply
chris.newman
11/10/2011 13:09

Hi Tim

We went for a standard off the shelf - Vaillant. To be eligible for RHI Premium Payment and any future RHI tariffs the system needs to be approved as well as installed by a MCS accredited installer.

Reply



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