I have just been costing it up and it comes to more like £500.
Sacreblue! I can sell you one for under half that or as a kit for even less, but fine if you prefer the challenge of designing your own. Mine do work, as stated by early adopters such as:-
From a retired CEO of a housing authority:-
After some fine tuning the I2 worked well. I can tell from my web based power monitoring system that the unit cuts in and out at the right times. On a sunny day it provides all the hot water we need.
From a qualified electrician:-
The unit is working really well and keeping the thermal store topped up with heat on the days where I might not have usually produced quite enough from the solar thermal system.
I was monitoring the system the other afternoon and taking measurements with my clamp on wattmeter. This can differentiate between import and export power and shows a negative reading on export. Watching the meter keeping the power exported to around the 50-100W mark while the PV system was generating 1-1.2 kW, I observed the current to the immersion was gradually reduced down to 0.3 amps and then go off as the sun dropped in the sky.
I will probably be looking to buy another unit from you to install in my Mother's house as she has just had a PV system installed.
(To be fair not everyone is yet getting that low an export but it's an adjustment issue I think).
From an airline pilot:-
I have now the means to measure import/export accurately! Your device works perfectly and does exactly what you say! Very happy.