Does the calculation stay the same looking decades ahead?
I'd have guessed that 200k to rip it down & build a new house that has great insulation - or even to just retrofit insulation and other upgrades to the existing building - would be expected to last longer before costing the same amount against to replace (and/or pricey maintenance/insurance of the more expensive PV, aircon etc.). And might therefore work out cheaper when looked at as a 50 year question rather than 1 year one?
I don't presume to know more than you, not only don't I know about your specific situation I also know very little about these subjects generally, I'm just curious.
Yes, it is difficult and I don't think it is possible to come up with a solution that fits all. What limited I can say: Insurance for the PV is cheaper than insurance for the insulation. That is because more problems with insulation can appear (e.g. fire damage, moisture) than with PV. Insulation of old houses is also far more complex than PV (someone pointed that our here).
.. it was mentioned somewhere here, too: For some, the best solution will be to focus on reducing energy consumption; for other, the better option will be to focus on increasing local energy production. And a combination of both might be best for most.
I'd have guessed that 200k to rip it down & build a new house that has great insulation - or even to just retrofit insulation and other upgrades to the existing building - would be expected to last longer before costing the same amount against to replace (and/or pricey maintenance/insurance of the more expensive PV, aircon etc.). And might therefore work out cheaper when looked at as a 50 year question rather than 1 year one?
I don't presume to know more than you, not only don't I know about your specific situation I also know very little about these subjects generally, I'm just curious.