I've just had solar installed and very happy with with it so far. I'm on a day/night rate with Electric Ireland with cost of 13c night and 26c day.
Smart meter installed.
They buy back any energy with microgeneration at 19.5c per Kw.
So, if I'm correct, it is cheaper for me to charge the electric car at night, at 13c per kW, because if I charge it during the day, from solar, I lose 19.5c per kW that I could have sold back to the grid.
Also, as I've a heat pump that has a COP of around 3.0 to heat water, it is costing me 4c to heat the equivalent for water during the night, so I would lose even more by using the solar to heat water during the day. Solar is using an Eddie/electric element with a 1:1 kW/heat ratio.
Am I correct, because I've the feeling that I'm missing something obvious and fundamental (too good to be true and all that)?
Smart meter installed.
They buy back any energy with microgeneration at 19.5c per Kw.
So, if I'm correct, it is cheaper for me to charge the electric car at night, at 13c per kW, because if I charge it during the day, from solar, I lose 19.5c per kW that I could have sold back to the grid.
Also, as I've a heat pump that has a COP of around 3.0 to heat water, it is costing me 4c to heat the equivalent for water during the night, so I would lose even more by using the solar to heat water during the day. Solar is using an Eddie/electric element with a 1:1 kW/heat ratio.
Am I correct, because I've the feeling that I'm missing something obvious and fundamental (too good to be true and all that)?
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