The benefits of a Solar PV system

For the first time ever in the UK, investing in PV power is not only environmentally friendly but an outstanding investment opportunity too!

Solar electricity to power your home

Used Energy

Used energy is the power being used as it is produced. A system generates electricity during daylight hours. On average households could save up to 50% of their current electricity usage by using appliances during the time that a Solar PV system is operating.

Extra power sold to the grid

Exported energy

Exported energy is the excess energy that is not used. If a system produces a peak output of 2 kilowatts and only 1 kilowatt is needed within the property, the additional power is exported back to the main power grid, normally at a rate of around 3 pence per unit.

The good news with this, is that most energy companies will pay an export rate of half the total annual energy produced, regardless of whether it has been exported back to the main grid or used in the property.

Get paid for investing in renewable energy

Feed–In–Tariff

Feed-In-Tariff is the main financial benefit for investing in Solar PV and probably the reason you’re reading this!

The scheme will pay 43.3 pence per unit of electricity produced by a domestic Solar PV system. This amount is guaranteed by the government and will be paid for 25 years and is inflation linked.

Example investment payback

This benefit forecast is based on a 2.5kW Solar PV Package, using 10 panels on a south facing roof with none or little shade.

10 Module Solar PV Installation

Assumptions

  1. Exported rate is paid regardless of how much PV electricity is used
  2. The above figures are 100% tax free
  3. The above figures use Government set Standard Test Conditions
  4. All figures allow a 3% inflation index
Package benefit summary
Yearly energy produced (kWh/year) 2,146
Feed-In-Tariff (FIT) grant per year £929
Imported/exported energy benefit £167
Total benefit in 1 year £1,129
Total benefit in 25 years £41,155
Total CO2 savings (kg)25,000