PV (Photo volcaic) solar energy incentives

Solar Energy Home Owner Information

Going solar ?? your definitive guide to turning your home into a “power station” is here.

Photo volvaic (solar) panels on our roofs can actually be a solid earner as the owners get paid to have them, to encourage ‘green’ power.

Generate cheap, green electricity from sunlight

Solar electricity systems capture the sun’s energy using photovoltaic (PV) cells. The cells convert the sunlight into electricity, which can be used to run household appliances and lighting.

PV cells don’t need direct sunlight to work – you can still generate  electricity on a cloudy day.

Costs, savings and maintenance

Costs for installing a solar electricity system have come done quite a bit in recent years and still dropping with an average system (2.7kWp) costing around £9,000 (including VAT at 5%).

In general:

  • the more electricity the system can generate, the more it costs but the more it will save
  • solar tiles cost more than conventional panels
  • panels built into a roof are more expensive than those that sit on top but,
  • if you need major roof repairs, PV tiles can offset the cost of roof tiles

Savings can be considerable – around 1.2 tonnes of CO2 a year. A 2.7 kWp system can generate around 50% of a household’s yearly electricity needs. If the system is eligible to receive the Feed In Tariff it could generate savings and income of around £1,100 per year which is TAX FREE. Average returns are between 7% to 11% p.a and could be more.Send an email to info@epcentre.co.uk to arrange a visit and quote after reading below.

Maintenance is generally small – you’ll need to keep the panels relatively clean and make sure trees don’t begin to overshadow them.

Selling your own electricity!!

You can make money on excess electricity by selling it back to the Grid through a scheme called Feed in Tariffs (FITs).

Feed-In Tariffs

If you have installed, or are thinking about installing, a renewable technology which produces electricity, such as a solar electricity (PV) system, you will be able to get paid for the electricity it produces.

Feed-In Tariffs (FIT) provides a guaranteed rate for each unit of electricity generated and exported.

Example of how the Feed-in Tariff works

As an example, a typical domestic solar electricity system, with an installation size of 2.7 kWp could earn around:

  • £690 per year from the Generation Tariff
  • £40 per year from the Export Tariff
  • £70 per year reduction in current electricity bills

This gives a total saving of around £800 per year.

This assumes a well oriented, un-shaded system, and 75% of the electricity generated exported. This figure will be lower for less ideal installations, and slightly higher if more of the electricity is used directly in the home.

Check the Governemnt’s Feed-in Tariff/Cashback Calculator to find out how much you could earn, and see the payback times .FITs are guaranteed by the government for 25 years from installation and once installed legally binding.

Contact “The Energy Performance Centre” and you could be earning extra cash very quickly!!!