Thats what I have been quoted plus a bit extra because Im outside the usual coverage area for te installer. I need to sort out a date for an install with them actually but Ive been in and out of damn hospital again this week.
Given the cost of the unit is roundabout the ÂŁ380 - ÂŁ400 mark from the company that makes them from what I did find out (Google be your friend here).
Add in materials (cable etc), travelling, VAT and other sundries then another ÂŁ99 on top isnt really that bad for a qualified spark to fit it. Whilst it might sound a fair wedge for a box of bits, having researched the unit (all-right so far it does seem to be anecdotal evidence) they do two things - the make sure almost every scrap of electric you generate is used, and they reduce the energy (gas or electric) you use to heat your water.
Now for me, given that my domestic gas use is pretty much entirely water heating use between about March time and October time and given that Im using about 14kW/day between these months of gas.
So, gas at about 4.1p/kWh x 14kWh x 210 days (appx) = ÂŁ120.40
Potentially in the months where I dont have the heating on for anything other than hot water that is a saving of ÂŁ120. There should be additional savings through the year as well, so the "payback" time for me at least will be about 3 to 4 years, possibly less.
These are only rough calculations of course, but it certainly seems a viable proposition. My only concern is whether or not there are any "moving" parts (eg, power relay) that might have a limited lifespan and need maintaining during the payback period.
Of course I could be talking out of my bum here, so I welcome other peoples thoughts or experiences.