Sorry I'm still struggling to understand this bit. If 50/50 is assumed, why did you mention 25%. And why did the outfit quoting mention 100%???? You both gave a figure around ÂŁ40 for the 'export' but you gave a bill saving of ÂŁ60, they said bill saving of ÂŁ250.
My present elec meter is very new, and small, is it still not a smart meter? Thanks again, but a bit more explanation would be good.
Only a few houses have smart meters at the moment. While it is theoretically possible that you have one, it is extremely unlikely. I don't know anyone who has a smart meter, nor anyone scheduled for one any time soon.
I'll elaborate a bit on where the gains are coming from.
Inside my house is an electicity meter attached to the solar inverter. It is the same model as is out in my meter box.
This "generation meter" records what the inverter pumps out - sitting between the inverter and my consumer unit (fuse box).
Until smart meters are fitted, the only meter that matters is the generation meter.
If I had just had my array installed, I'd get:
1. Feed-in-Tariff:
14.4p for every unit generated, according to the generation meter. 14.4p x 1900kWh = ÂŁ273.60.
2.
4.5p for half of all units generated, under the assumption that half was used in-house and half went to the grid. Until smart meters are fitted, this is used as an approximation. When smart meters are fitted it will measure precise two-way flows and if all of your power gets exported you'll get 4.5p x 1900kWh = ÂŁ85.50, but for the next few years it will be assumed to be 50% export, so you'll get ÂŁ42.75.
3.
If I generate 1900kWh and use it all, at a value of 12.5p per kWh, that's "worth" ÂŁ237.50 per year in bill savings.
In reality it is almost impossible to use it all due to either not needing the power, or the variability from minute-to-minute on days with a mixture of sunshine and cloud.
If you think you're not likely to use as much of the power, it is probably fair to assume 25% in-house usage, so that ÂŁ237.50 of potential gains drops to ÂŁ59.38 of actual gains if you only manage to use 25% in-house.
So the company assuming that you'll use all the power are being very optimistic. It's almost impossible to do so due to the erratic nature of solar generation.