Advantages of PV
An Investment Opportunity
Whether you have the capital to invest in solar panels or whether you would like us to supply finance, the case for fitting a solar energy system is undoubted at this time. Since 1st April 2011 the Government launched new Feed in Tariffs (FiTs) to pay householders a maximum of 43.3p/kWh, TAX FREE for all electricity generated, (whether you use it or not). Additional to this there are savings to be made by using the electricity produced by your panels, thus saving you around 15p/kWh. Most households can, by this arrangement, save 50% of their electricity bills without adjustment, but this can be dramatically increased by moving the usage of large consuming appliances (washing machine, dishwasher, tumble dryer, etc.), to periods when the panels are generating electricity, e.g. in daylight. Finally, any electricity not consumed is exported back to your energy provider at a rate of around 3p/kWh.
Earn up to 10% on your investment, tax free and index linked
What does this mean in hard cash? Well, that’s difficult to assess as conditions dictate dramatically what yield is available from your system, but using our quality panels and system components and our quality installation teams, if you installed 12 x 230W panels on a south-facing, un-shaded pitched roof at an angle of 30 degrees, you would expect a 1st year return of £1,203.55. On an initial investment of around £12,000 that’s a 10% return, TAX FREE and INDEX LINKED for 25 years! There are few investments available at this time that will return anywhere near that kind of rate.
Even if you do not have the initial capital up-front, our attractive financing arrangements available here or by telephoning 0845 223 4499, give a solid profit and payback in the near term with the guaranteed payments way beyond the payback period.
Below is the indicative illustration of the above example:
Reduction in Carbon Footprint
Fossil fuels are a common form of energy source currently used throughout the UK and the world, however, they create large amounts of CO2 and other harmful pollutants which contribute to what is called ‘global warming’. Solar power is an alternative energy source which is referred to as ‘clean’ or ‘green’ because it doesn’t emit CO2 or any other harmful emissions into the atmosphere.
By using solar power instead of fossil fuels, it is possible to save around 1.2 tonnes of CO2 emissions per year (given a 2.7 kWp system), therefore reducing your ‘carbon footprint’ i.e. the impact that your activities have on the environment.
Preparation for the future
Again, comparing Solar to other forms of energy production such as coal or oil, it can be said that investing now will be a form of preparation for the future. Solar energy is a resource which has been and will be around for millions of years and can be described as infinite. Although there are many disputes about how long fuels such as natural gas, coal and oil will last, there is strong belief that they will one day run out.
