Spesh
Panel degradation varies a bit between manufacturers but is usually at least 10% over 20 years. What's more important is any warranty on the first 10 years while you're getting your money back from the feed-in tariff.
Most panels that are being sold are in the range of 175 - 190 Watts peak output. This is only relevant if you have very little roof space in which case the higher efficiency panels will enable you to get more output from a given area.
SMA Sunny Boy inverters are one of the two main reputable products, though there are some other perfectly adequate ones. The Sunnyboy can be used with free SMA software to display your output/record output data but I don't know how they link up - speak to your installer if that level of detail is of interest.
Regarding value, £3k/kWp is fine on large installs, but on a 1.14kWp array they've still got to rock up, erect scaffolding, order goods etc so I'd expect a figure approaching £5k minimum, bearing in mind that about a fifth of the price is VAT.
The FIT income will vary as the FIT payments are RPI linked, and free of income tax.
Similar to what Mal Volio says - focus on:
* Value (cost for an acceptable specification)
* track record/case studies (especially if you can talk to them)
* estimated annual generation
* installer credentials. If they are not accredited by the Microgeneration Certification Scheme (MCS) then the installation won't be eligible for feed in tariff payments. Are they members of the REAL Assurance scheme (see
REAL Assurance Scheme )
What is the basis for the installers estimated energy production? If you divide the estimated FIT income (year 1) by the current FIT generation tariff (43.3p) and then by 1.14 you get a specific generation of 794kWh per kWp per annum. This sounds reasonable for a SSW facing array on a pitched roof without shading. I've managed more than that on a WSW facing array with partial shading so it sounds like your installer isn't over-egging the claims, though this will depend on your latitude (I'm in Oxfordshire).
Their figures for inflation Feed in Tariff and Inflation energy price seem a bit high at 10%, but this is arbitrary and beyond their control. Since FIT is RPI linked I'd assume FIT inflaction at <5% per annum.