Green Building Bible, Fourth Edition |
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These two books are the perfect starting place to help you get to grips with one of the most vitally important aspects of our society - our homes and living environment. PLEASE NOTE: A download link for Volume 1 will be sent to you by email and Volume 2 will be sent to you by post as a book. |
Vanilla 1.0.3 is a product of Lussumo. More Information: Documentation, Community Support.
Posted By: delboyThe kit costs around £500 for a house or £1000 for a flat. According to appendix Q calcs the £500 kit can save around 500kwh a year - 97kg CO2 or around a tenner.
Like so many bits of technology, good for the environment, bad for the wallet.
Would be interested to hear any first hand experience of the kit.
Cheers
Posted By: davidfreeboroughWhy do we insist on using "payback" to justify not investing in carbon reduction?
Even if we accept that green technologies should be able to compete on financial terms, we don't assess savings accounts in terms of the number of years required to double your money. Investments are normally assessed in terms of annual percentage return, so why assess green investments in terms of years to payback?
Posted By: tonyMark but how much is the original investment worth in real terms after 18 years?
Posted By: MarkBennettPosted By: davidfreeboroughWhy do we insist on using "payback" to justify not investing in carbon reduction?
Even if we accept that green technologies should be able to compete on financial terms, we don't assess savings accounts in terms of the number of years required to double your money. Investments are normally assessed in terms of annual percentage return, so why assess green investments in terms of years to payback?
Mainly because with an investment, at the end of the period you still have the original capital.
Posted By: davidfreeboroughThe risk is that if we stick to using payback then no one is ever going to invest in green technology.
Posted By: davidfreeboroughSo why make the marketing more difficult than it needs to be by choosing a metric that no one selling financial products would choose to use?
Posted By: davidfreeboroughWhy not allow people to compare investments in green technology with other investments they might make?
Posted By: davidfreeboroughPosted By: MarkBennettAccording tohttp://www.nationalarchives.gov.uk/currency/default0.asp#mid" >http://www.nationalarchives.gov.uk/currency/default0.asp#mid
£1000 in 1990 has equivalent spending power to £1510 now. So the original capital is effectively worth 2/3 of what it was.
This is also true for £1000 put into a savings account over the same period.
Posted By: davidfreeboroughPosted By: MarkBennett
Yes, of course, but I don't see your point. My £1000 invested in savings in 1990 is now worth £666 plus any interest earned. My (hypothetical) £1000 invested in solar (or any other green technology) is worth nearly nothing plus any savings made . To make financial sense, the solar system has to recover the initial capital investment (you could argue devalued over the life of the product as if it were cash) in addition to any interest that would have been made on the investment. Hence we talk about payback time rather than return on investment.
I compared it with a savings product to make the point that cash would depreciate over the same period. Cash kept in your pocket will never break even. It will lose money every day that you hold it. This is not reflected in the payback period analogy.
Posted By: davidfreeboroughI can see that it would be difficult to sell on your used solar equipment, but that doesn't mean that you should ignore the profit it continues to make once you've broken even. That ignores the most attractive aspect of the investment.
Posted By: davidfreeboroughI think we need to encourge a discussion in terms of return on investment versus cost of capital raised through mortgage, depreciation of equipment versus depreciation of cash in savings account
Posted By: davidfreeboroughFor those who take the time to do the maths, who know to take into account inflation, mortgage interest, etc, it seems like a detail.