Solar Electricity (PV)
Costs: £4,500-£5,500 I Annual Savings: £560 I Payback: 10 years I Profit: £5000
You can generate cheap, green electricity from sunlight, even here in Britain.
Solar electricity systems capture the sun's energy using photovoltaic (PV) cells. The cells convert sunlight into electricity, and this electricity can power your lighting and appliances. You can receive payments for the electricity you generate, as well as for exporting any electricity you don’t use to the grid.
The cells used in solar panels are now so efficient that they will work well anywhere in Britain particularly if you have a southerly orientated roof. A typical home PV system can produce around 50% of the electricity used in an average household per year (Department of Energy and Climate Change), saving around £140 on your electricity bills.
In 2010, the government introduced the Feed-in-Tariff scheme to encourage uptake of solar panels. Under this scheme, your energy supplier pays you for any energy that you generate using your solar panels, as well as any excess that you export to the grid. The average installation can make around £420 a year in FITs at current tariff rates. You can alternatively get the installation paid for using a loan from the Green Deal finance scheme.
Fitting panels is not a complex process, and you can get them fitted with very little disruption, you just have to find the BEST SOLAR PANEL COMPANY to work with. You do need to ensure that you get a qualified installer to qualify for the FITs.
- What is the payback for a solar PV installation?
- Currently a solar PV system should pay for itself in about 7-12 years, after which you'll continue to save money on your bills and receive FIT payments for the rest of the system's 25 year lifetime. If you complete out energy assessment you will be able to get a more tailored estimate for the payback to your own home.
- Are there any grants available for installing solar PV panels?
- The Feed in Tariff is a payback scheme rather than a grant scheme, and has replaced most grants for solar PV systems however, grants may be available from your local council - please contact them for details. The Feed-In Tariff pays you for the electricity you generate using your PV system, as well as any excess electricity generated, which you can export back to the Grid.
- Is there an approvals standard for solar PV panels?
- Yes, solar panels can be approved by the Microgeneration Certification Scheme (MCS). In order to qualify for the Feed-In Tariff scheme you must ensure that you use MCS approved panels.
- Are solar PV panels fragile?
- Solar PV panels are very robust; they are designed to withstand the normal stresses and strains subjected to them by nature. You can ensure that your panels are robust by purchasing only MCS accredited panels.
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