Owen McGee
speaker
1,739 appearances
11 recordings
2 series
first heard May 2026
last heard 6d ago
Owen McGee’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Sep 2026 with 3.
Appearances
Any variation of that, if you can pay it back over 10 months and save for the last two months, if you can just do something to turn the dial down that can get you out of that money trap, which is borrowing every year to do the same thing.
many of us end up borrowing to pay for the holidays if you do what's the most sensible way pay it back over a short period in 12 months so you're not just rolling the loan over again make sure when you are borrowing money whatever the circumstance whether it's holidays or not doing the borrowing at the last minute tends to attract you towards loans that are easier to get the easier a loan is to get the more expensive it usually is let that sink in for a second
Okay, Eric, thanks a million for ringing in.
And this is a question that a lot of people are asking about solar panel, about the heating coming into the wintertime as we kind of come out of these heat waves.
And what I would say is your number seems to be more or less generally right.
Six to eight years is what it takes to get the money back on these things before you're into profit.
And the thing that those numbers don't allow for is, is where will the cost of electricity be in three or four?
They can make guesses about where it might be.
Generally, the person who's best placed, which kind of feels a bit counterintuitive, who's best placed to tell you in your specific circumstances how long it's going to take before you make the money back, is the person who's installing it.
Because they'll be able to do the assessment on your specific house and say, this is what it is.
But I do believe, off the top of my head, SEAI, I think, have a calculator where you can pump it in and say, this is the details of my house, three bedrooms, semi-detached, whatever, and they'll give you a rough calculation.
There is an element, sometimes emotion or rationale trumps finances, right?
And you might say six or eight years, is it worth it?
What's the point of it?
But ultimately, sometimes it's the right thing to do.
And if you can afford it and it's money that's sitting in deposit that you don't need for anything else and you're not carrying big debt elsewhere, I think that...
Generally, what I'm finding is, is people who make this conversion, they feel good about it and it does pay back over the longer term.
Exactly, because they have to make assumptions about what the electricity prices are going to be in the future.
And they can't be too wild.
They can't be too wild and they also can't predict what's going to happen in the future.
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