An electric strategy saving £,£££s thousands 💷 – Full year Solar PV review
This time, im going to cover the year end results for 2021 and the reason why i want to do it. An annual review for this is because theres a huge contrast between what happened in december, which was an abysmal month and hardly any solar generation. But then, when looking at the total year, it really comes home as to why its good to go electric. Why its good to have an electric car, why its good to have solar panels and wire home storage battery? All of those things together have given these results and its this result that i really want to get across because instead of spending thousands of pounds on energy, i am spending hundreds of pounds hundreds, instead of thousands, its just that easy to understand. By going electric, by having a strategy to go electric, i am saving thousands of pounds on my energy bills. So lets go right back to the beginning and talk about why my strategy is to convert all of my fuels away from fossil fuels, not just for environmental purposes to electric and its quite simple. I wanted to add solar panels to produce my own energy to run. My home, using my own energy and reduce my costs, but the moment you do that you realize that to maximize the benefit of your solar panels, you need to use more energy. So the more you use, the more you save the more you save the more you can add more solar, and it gives random round until youre, using all of your energy, that youre producing yourself and also its a compound impact isnt it the sooner you do it.
The sooner you convert to an electric car, the sooner you convert to having solar panels on your roof, using your own electricity, the sooner you start, the sooner you start saving now. For me, it is a strategy, its a strategy that i want to reduce my monthly outgoings and i want to spend capital instead, so im retiring im retiring this year and i want to keep my pension income low so that im taxed less on it. The rate the way to do that is to have low bills by investing in solar panels having an electric car. My fuel bills are being reduced from something like three to four thousand pounds. Instead, im gon na be having bills of three to four hundred pounds, so that makes a huge difference, because that three to four thousand pounds i no longer need is an income. So if i no longer need it as an income im not being taxed on it, so im saving a tax burden as well plus im saving by my pension staying in the pension earning more money for the future, my pension will last longer, and hence i viewed That i wanted to produce my own energy, so i didnt feel restricted. I didnt feel restricted in my use of a car. I wanted freedom to travel where i wanted. When i wanted without worrying how many hundreds of pounds would it cost in fuel to do that journey having an electric car, the costs are so cheap, you feel free, you feel able to do those journeys and you dont feel restricted at all and im experiencing exactly The same with heating, the home with electricity, the more you do it from cheap energy, the more you do it from your own energy, the more free you feel to turn devices on and as you get older thats what you want isnt it you dont want to Be restricted with limited incomes.
What you want is to be free with money to spare, so my strategy just seems to make sense. Its convert, petrol and diesel go electric, stop using gas or oil. In my case, for my heating and home hot water production and use electric instead and because its electric, i can produce my own electricity at home using solar panels. Yes, you could use a wind turbine too. It does seem a little more complicated and a bit more unique to be able to get one and im not quite there yet, but solar panels are doing the job, so bear with me, listen to these stats and they really will make sense, because this is a Real world example were living in a 12 year old home here. Its quite modern, reasonably well insulated, were an adult couple with a teenage daughter, its a four bedroom house and our solar panels are pointing south at the moment, so theres the detail, um, i am, i am an efficient, i wouldnt say frugal im an efficient person. I believe in efficiency, so by not doing something like turning a light off, you become more efficient and the more you do it. The more compound impact you have so turning a small wattage device off doesnt seem like a big change, but multiply it by 24 hours and then by the 365 days it becomes a significant number. So efficiency and savings are something that i do as well. So my thought about my efficiencies: im, not skimping im, not saving pennies im, just having a mentality that i want to reduce my usage and be efficient and also use my own energy, which gives me the freedom, then to use more so im going in cycles on It im reducing, but then im increasing and you dont mind when its cheap energy and its your own anyway, the numbers.
What has happened this year, i spent 177 pounds on electricity 177 pounds thats an average of what was it. Lets have a look 15 pounds a month, so that was my electricity bill. But what did that include that included running my electric mini from january through to about october, and i did about four and a half thousand miles. I think so not a huge mileage, but it was all for free. I didnt really spend any money from the grid on charging the car, so no fuel bills whatsoever. When i had my kona electric, i did 11 000 miles one year and it cost me 17 pounds. So you really can, in my circumstances, discount petrol and diesel completely so spending 1500 2 000 pounds a year on fuel, thats gone that bill has gone and i dont have it anymore. Some years, no doubt ill be doing more charging on the road and itll be more expensive, but its going to be a couple of hundred pounds maximum. So if thats, the cost of energy – and i havent had any other energy well apart from january and february in the year where we did use the oil boiler. So if we add in some cost that i had in november and december and put that across into the january and february column so lets add another 70 pounds to that bill. Maximum, including heating, the house in january and february this year would have been about 250 pounds.
As you know, if you follow my videos im doing a test this year, not using the boiler and using electricity instead, but that didnt start until about march april may time. This year, so in those early months, yes, i was still using oil, the cost of that – ah probably somewhere between 70 and 100 pounds on todays values im not quite sure, so the numbers lets make sense of the numbers. So you can understand what were doing here. Um ive got 6.3 kilowatts of solar panels on the roof and we generated 6.3 megawatt hours for the entire year, so thats a nice easy number one megawatt hour per kilowatt of solar panels on the roof, probably because theyre south facing so thats. Quite a good result that 6.3 megawatt hours is made up of 2.22 megawatt hours that was up to june. I think including our solace inverter. Then i swapped the solace inverter out for a hawaii one or while we won, and that was to test the inverter and weve generated 1.73 megawatt hours using that inverter add in 2.34 megawatt hours from the solar edge, inverter, yeah, theres, lots of bits and pieces here And the total comes to 6.3, so thats, quite a lot of solar energy, considering our house consumed 3.7 megawatt hours for the year, so the house on its own 3.7. So that includes some battery charging, and that includes you know the oven, the cooking, the lights and the electric heating in the last few months as well in november and december.
But on top of that, weve had 1550 kilowatts hours used for heating, our hot water through the my energy eddy device, so 1550 kilowatt hours, of which 1176 were from solar energy, only 374 came from the grid and most of those were in the winter period of November and december, then, on top of that car charging as youll see its quite low, because we didnt go that far. Only those four and a half thousand miles we charged on the zappy 930 kilowatt hours, 774 of which were from solar energy only 155 came from the grid that grid energy isnt expensive because were using overnight cheap energy in the early part of the year. I was using the octopus agile tariff and, i think were averaging around 10 or 11 pence per kilowatt hour now, in the winter time i have swapped across to the go tariff and i was very fortunate to swap just before they changed the prices and uh my Average is now under seven pence per kilowatt hour for upgrade usage, so were doing very very well, even though many people are now having electric bills that are doubling its based on the timing of when you have to change and how expensive those tariffs are. My change will come september this year and no doubt that will be a big change, because energy prices have gone up massively so ill, probably at least double my bill, if not treble so it is going to be expensive but doubling or trebling hundreds of pounds is So much better than doubling or troubling thousands of pounds and then think of the impact on your income.
Because of that what else? What else we got to talk about? Uh battery ive got a home storage battery here, its a five kilowatt hour battery, of which four kilowatt hours is usable, but on some days in the winter that four kilowatt hours of energy, i can turn into eight because i can charge it up in the evening. In the early hours of the morning, use that energy, and then the sun can come out sometimes in the winter and recharge the battery again, and i get two uses of it in a day. So, even though its only a four kilowatt hours usable, sometimes you get quite a bit more energy out of it. But some of the important numbers is isnt, just um how much were using and how much were generating its, how much were exporting and how much were importing. So we imported 1.37 megawatt hours from the grid for the entire year and we only paid 177 pounds. So you do the maths and it works out to be this much per kilowatt hour now. Hopefully, that works out to be just under seven pence, as i said, but we will see hopefully im accurate but thats what it actually works out to be, but thats, not bad is it. You know. 1.37 megawatt hours sounds like a lot, but its not its a tiny amount, so we exported 1.56 megawatt hours to the grid. Now that seems bad. We actually exported more than we imported but export isnt bad on the fit tariff that we have on the first array of solar panels.
We got one of the last fit tariffs which pays us the least amount of money of any fit tariffs, but it still pays five pence per kilowatt hour of what we generate and also it pays us a deemed export of half of that energy again for deemed Export so im being paid to export 1.9 megawatt hours of energy, and yet i only exported 1.5, so im doing quite well im using more of the energy and being paid an export for it. Now its not a huge amount of money, its just a few pens, but it does add up now. This is how good it is as well, how much it does add up. Ive been paid in fit payments so far, 277 pounds for the year thats an average of 23 pounds a month and yet 177 pounds that im paying is only an average of 15 pounds per month, so im definitely being paid by the fit tariff. More than im. Paying for the import of energy, so that is working out really really well for me, for those people that are considering buying solar panels now fit tariffs arent available in the uk, but smart export guarantees are, and you can be paid more money than i am for Export by choosing an export tariff that pays you a decent value. If you went on the octopus agile outgoing tariff, sometimes you can be paid up to 30 pence a kilowatt hour, and i have seen it over a pound per kilowatt hour in these crazy energy times.
So there are ways to make money to offset the cost of your electricity using smart export guarantees and for me its on a fit tariff. So weve done really really well havent. We and i think you could say that this is a real world case example: im. Not doing anything here that you cant do installing solar panels going electric with an electric car and having an efficient mind about how to run our life more efficiently and in doing so by generating our own electricity and using electricity more. We are saving thousands of pounds, mostly. The reason why we are paying so little for our electricity is because were not using any during most of the months. So if you look at that percentage on the pie chart of how much electricity is being used in each month, its 41 in december 26 in november, seven percent in january six percent in february – and then the months in between are negligible were talking one. Two three percent, so theres, so little electricity used in the summer months in the spring months and the autumn months that theyre almost zero. They almost dont count its just the standing charge really that youre paying the other electricity in those uh winter months, thats. What youre paying for, but you can offset that by what you are exporting in excess during the summer, so i definitely would want this video to be an encouragement to say you too can change.
You too can look at all of your energy costs. Add up your petrol and diesel costs? Look at your house energy! Look at your bills for the entire year and work it out. How many thousands are you paying and do you want to keep paying thousands of pounds, especially if youre in my situation, i know a lot of the viewers of this channel are in a similar situation to myself, either retired or coming up for retirement? Well, do you want to spend your income and have it taxed to pay energy bills, or do you want to have that money available to go on holiday and to need less income less income? The sooner you can retire so theres the stats for the year, and i wanted to make a big deal about it because 177 pounds i feel like there should be fireworks and explosions going off um, where some people are spending thousands of pounds. Please leave me some comments below about how much your energy bills are, including petrol, diesel house oil gas, the whole lot. How much are you spending on energy and then think about it? Think about what you could do? Could you two convert to using electricity and have a strategy of generating your own electricity so that you are saving and protecting yourself from energy cost rises in the future? Now the energy costs have gone up, it really really makes sense to do this. Hopefully this makes sense, hopefully youre as infused as i am about solar panels, electric cars and changing your life having a strategy about saving money as well, so you can enjoy life more.
I hope this makes sense. I really wanted to share this one with you, because the contrast between a gloomy december, where we didnt generate anything, was contrasted by the annual results which showed yeah. We made good decisions didnt we buying solar panels, home storage batteries and going electric with an electric car im, not being smug about it, im just trying to present a real world case so that you can think too. Can i do this? Can i save those thousands of pounds and you can just keep investigating it, keep going forward one step at a time. It is a strategy you dont have to do it all in one. Go thanks for watching everyone. Please dont forget to like the video and click subscribe as well. If you havent, already subscribed more videos on electric cars, i will be test driving some more electric cars this year and my new electric car should be arriving in about seven to eight weeks, hopefully and uh, more updates on solar panels and home storage batteries. I have now had the quote for the uh additional solar panels and home storage battery that i am buying so theres. A new ultimate configuration that i would like to share with you thats coming soon on the channel, so um yeah definitely subscribe more great videos to come. Hopefully you think theyre great anyway.