Capital cost of PV solar installation £
Number of years to receive FIT payments (20yrs if after 1st Aug 2012)
First year FIT payment predicted £
First year electricity savings predicted £
Average annual rate of inflation predicted %.
Average annual increase in electricity prices predicted %.
Gross interest rate received on bank account (A.E.R.) %
Income tax rate on bank account deposit interest %.

restore default values
PV Panel Installation
YearFITE. SavedNet Int.Bank Acc.
 1 £500 £150 £ 0 £ 650
 2 £515 £158 £ 18 £ 1,341
 3 £530 £165 £ 38 £ 2,074
 4 £546 £174 £ 58 £ 2,852
 5 £563 £182 £ 80 £ 3,677
 6 £580 £191 £ 103 £ 4,551
 7 £597 £201 £ 127 £ 5,477
 8 £615 £211 £ 153 £ 6,456
 9 £633 £222 £ 181 £ 7,492
 10 £652 £233 £ 210 £ 8,587
 11 £672 £244 £ 240 £ 9,743
 12 £692 £257 £ 273 £ 10,965
 13 £713 £269 £ 307 £ 12,254
 14 £734 £283 £ 343 £ 13,614
 15 £756 £297 £ 381 £ 15,049
 16 £779 £312 £ 421 £ 16,561
 17 £802 £327 £ 464 £ 18,154
 18 £826 £344 £ 508 £ 19,833
 19 £851 £361 £ 555 £ 21,601
 20 £877 £379 £ 605 £ 23,461
Net AER: 4.40%
Total electricity saved: £4,959.89
Total FIT payments: £13,435.19
Total net interest received: £5,066.04
Total tax paid: £1,266.51
Money in the Bank
YearGross Int.TaxNet Int.Bank Acc
1  £280 £ 56 £ 224 £8,224
2  £288 £ 58 £ 230 £8,454
3  £296 £ 59 £ 237 £8,691
4  £304 £ 61 £ 243 £8,934
5  £313 £ 63 £ 250 £9,185
6  £321 £ 64 £ 257 £9,442
7  £330 £ 66 £ 264 £9,706
8  £340 £ 68 £ 272 £9,978
9  £349 £ 70 £ 279 £10,257
10  £359 £ 72 £ 287 £10,544
11  £369 £ 74 £ 295 £10,840
12  £379 £ 76 £ 304 £11,143
13  £390 £ 78 £ 312 £11,455
14  £401 £ 80 £ 321 £11,776
15  £412 £ 82 £ 330 £12,106
16  £424 £ 85 £ 339 £12,445
17  £436 £ 87 £ 348 £12,793
18  £448 £ 90 £ 358 £13,151
19  £460 £ 92 £ 368 £13,519
20  £473 £ 95 £ 379 £13,898
Net AER: 2.23%
Total Net Interest Received: £5,898.00
Total Tax Paid: £1,474.50

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