As the loss of government finance for the panels sinks in, we are coming to the conclusion that we should just go ahead with our installation using our own resources. It's going to take another month or more for Energy Saving Scotland to get their bureaucracy moving and maybe offer us a £4,000 loan that, while interest free, would not save us much compared to dipping into our own savings.
I went daft with a spreadsheet this evening. I laid out the incomes and outgoings of the project on a year-by-year basis, but this time I factored in inflation and the deterioration of the panels as predicted in their specification. It still looks good. Some thinking still to be done.
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