Its all about the Numbers

Hi Guys,

I hope that you have had a good day.

For me it is all about numbers. I want to know what something is going to cost me, its life expectancy, the return on my investment and maintenance cost if any.

I also would like to know how long it is going to take to do the work. And as labor is a considerable component I would like to know whether I can do some if not all the work myself.

When installing a renewable energy system on my property, I would like a relatively quick return on my investment.

I for one am skeptical of figures quoted for the installation of various ‘green’ systems and I am even more skeptical of the type of return on investment quoted by those with a vested interest in promoting those systems.

I think that it would help if the renewable energy industry was a lot more transparent than it is at the moment. Getting an idea of the cost for various components is not that easy. However, with a bit of patience, you can obtain some indication of price by trawling through various websites.

It would appear that some of the renewable energy companies use the same business model as that used by double glazing companies’ i.e. getting a pushy salesman or woman into your home to best ‘advice’ you on the ‘right’ product for you and prepare a quote for the system you are interested in.

I was talking to a friend of mine over the weekend and he told me about another friend of his who had installed a ground source heat pump at his property.

Now unless I was constructing a new house or planning to landscape my garden this is not something I would consider doing. However, I digress. During our discussion the talk turned to what the return on their investment was going to be. Apparently the break even point for the return on their investment for the ground source heat pump system installed on his friend’s property was 35-years.

I don’t know about you, but as far as I’m concerned, that is not a viable return on investment at all, especially when the system’s life is estimated at 25-years for internal components and 50+ years for the ground loop.

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As always, I wish you everything I wish myself.

Until the next time.

Alain

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