Since April 2010 the government has announced the new “Feed-In-Tariffs” which means you will get a guaranteed payment of 41.3p per Kwh for any electric you produce from the solar panels guarenteed for the next 25 years whether you use it yourself or not! That’s right you can use all the electric yourself and still get paid to generate electric.
What this means in the real world is if you in invest in the region of £7700 into a solar system for your home, this will buy a 1.4Kwp system that will produce approximately 1200 Kwh per year (based on a southerly facing roof), times this by 41.3p and that gives you a yearly income tax free of £495.60 indexed linked, plus it will save you buying 1200kwh from the electric supplier saving you another £168.00 (based on you buying at 14p per unit) not only that but in addition the utility company will assume you export 50% of your generation which will give you another £18 based on a export rate of 3p per unit.
Total savings and payments per year is £681.60.
Solar system is £7700/£681.60 which makes payback for the system in year 11, and your left with 14 years of £681.60, which is £9542.40 tax free and this will rise over the years because its indexed linked.
The above is only a realistic example based on the governments SAP calculations, I know from my own system that Scottish and Southern electric are paying me on the total generation of the system, so my system Is predicted to generate 1150 units, but in reality it should generate in excess of this figure and this makes the repayment even earlier.
I often hear “I wont be in this house long enough to benefit”, perhaps you wont be there long enough to benefit directly, but indirectly Solar systems are very desirable and will add value to your property.
To find out more or to book a site visit contact Russel on 01274 568 536
- Making money
- Saving on bills
- Helping to protect the environment
We will protect your return on investment by registering you for the government's energy cash back scheme - funding decreases, so the sooner you start the more money you make.
...Read more about what we do and how we help save our customers' money and energy...
Power on a cloudy day
It doesn't have to be sunny to convert light into solar power, which is great news if you live in Britain. All you need is daylight, a roof and a little help from SolarGro.
Considerable savings
'Almost 1 tonne of CO2 a year, and around £200 off your electricity bill (Energy Saving Trust)'
Tax free earnings
Under the government's 'cash back scheme', FIT, you can earn up to 41.3p per kWh generated, plus an extra 3p per kWh for any surplus exported to grid and save on bills...tax free.
Save around £900 per year
Typically, (with 2.5 kWp) you could earn around:
- - £700 per year from generating (36.1p/kWh)
- - £30 per year from exporting (3p/kWh)
- - £170 per year reduction in current electricity bills
This gives a total saving of around £900 per year, assuming 50% (if you work during the day) is exported.
