A 2kWh solar power system will typically cost between £8,000 and £10,000 and the 'Feed in Tariff scheme (FITs) should give you a return of at least £25,000.
So what's the catch? There isn't one!
If the Government offered to pay you a sum of £1,000 a year for the next 25 years, in return for an up-front investment of £8,000-10,000 to install solar power systems, you'd snap it up in a second. That’s exactly what’s on offer if you install electricity generating solar pv panels through the ‘Feed in Tariff’ scheme. The payments come from your existing electricity supplier, but are overseen by the regulator Ofgem.
If you install a 2kWh solar system, we estimate you can save and earn more than £1,000 per year for 25 years, increasing with inflation, giving a payback in around 10 years. FITs now provide the entire financial incentive for PV installers.
The new tariffs allow you to turn your homes into mini-power stations. For householders who have a south-facing roof, solar PV panels are really worth looking at. Not only are they a sound financial investment, they will also allow you to do your part in tackling climate change.
We provide a bespoke specialist service, so if the environment is not exactly south-facing, we can design a solar energy system which will be both energy and financially efficient.
Our homes are responsible for over a fifth of UK emissions, but by fitting renewable solar electricity panels, we can be part of a greener, safer future.
There is an expectation, that once investors and banks see the benefits of the scheme, specialist loans or top-up mortgages will become available if you who want to install a system, but are unable to raise the capital.