Solar PV Cornwall home reduces bills
|20 year Return||£18,000|
|Payback||7 years (15% return)|
|Bill Saving||£300 p.a.|
|Carbon Offset||2,000 Kg p.a.|
Return is calculated using combined bill savings and subsidy earnings. Bill savings are calculated using estimated energy usage and either the electricity price at the time of installation (17 October, 2014) or, for our heating products, the existing fuel type available to the property.
The owner of this Cornwall property wanted to become less reliant on the utility companies and their ever-increasing energy bills. EnergyMyWay’s Solar PV experts assessed the property for solar panels and recommended a 3.75kWp array on the South West roof.
Thanks to the high levels of solar irradiation here in Cornwall, these solar panels will earn our customer more than £800 a year for 20 years, tax-free and index-linked. This combination of bill savings and earnings from the Government’s Feed-in Tariff makes Solar PV an excellent investment for this homeowner.