@Mojomal, this is a repeat from page one of this thread,
"Basically you can invest almost anything from a mere £25 to the amount that it would cost to generate up to 120% of your normal import of leccy. I think this is for tax reasons, because there is unlikely to be any tax to pay on the returns because you are paid via a monthly rebate on your energy bill directly proportional to the actual performance of the wind turbine. But from what I gather no evidence seems to be requested if you buy up to 6999kWh’s worth which is about £4,536."
So if you want to buy 4000kWh's worth which would be roughly £2,600 it wont be a problem.
It does not matter when you use your leccy, all in one month if you want and if you go on a long holiday, no problem, either as you can withdraw excess credit if you want to. Roughly only 1/3 of the rebate is classed as taxable "interest" as 2/3 of the rebate is classed as a return of capital for the first 20 years.
Several things have swung in our favour, leccy consumption is increasing, power price forecasts are increasing, inflation is increasing, the lifetime of the turbine is almost certainly understated, and its happening, no maybe's anymore.
Rebates are expected to be circa 4.5p / kWh, not what you use, but what your share of the wind turbine generates. So for example, Ripple say most folk will save 20% of their bill, a bit more if you buy 120%. But that is based on circa 18p / kWh but my average import cost on the Octopus "Go" is not much more than 5p / kWh, so I expect to save practically my entire bill. If it turns out to be more then I can either,
1) Request to withdraw excess credit.
2) Add my gas bill to Octopus and part pay that with the excess rebate.
I look forward to reducing my monthly direct debit to a nominal £1.
Or even 1p.
