EnergyMyWay customers are still getting up 10- 12% returns from installing Solar PV
Many people believe they have missed the boat when it comes to benefiting from the government?s Feed-in Tariff for Solar PV. The good news is that the Feed-in Tariff is alive and well and returns are still high for property owners.
How can I earn from installing Solar PV?
The Feed-in Tariff is designed to pay users for every unit of electricity their solar panels produce, regardless of whether it is consumed in the home or exported. Earnings are tax-free and index linked for 20 years. The Feed-in Tariff is sometimes referred to as the ?total generation? tariff.
Any excess solar electricity, not used in the home, is exported to the grid, for which the solar panel owner receives an ?Export? Tariff.
Your Feed-in Tariff and Export Tariff payments give you earnings in addition to the savings you will make as your bills go down from generating your own electricity.
Why are returns still high when Feed-in Tariffs were cut?
The government cut the Feed-in Tariff rates in March 2012 from 43.3p per kWh to 21p per kWh and they will be 14.9p per kWh from the 1st July 2013.
While this seems like a substantial cut, what homeowners must be aware of is that prices of solar panel installations have also been reduced dramatically, more than 60% in some cases.
The Export Tariff has also gone up, adding to your returns, while electricity prices continue to rise by approximately 9% p.a., making your savings even greater.
How are Solar PV returns calculated?
Your Feed-in Tariff
+ Your Export Tariff
+ Your bill savings
= * up to 12% return on a standard 16 panel system
5 good reasons to install Solar PV
EnergyMyWay has produced this leaflet to help homeowners consider the benefits of Solar PV. Click here to view
Arrange a survey to find out how Solar could work for you
For a free property survey and all the advice you need, please contact your local EnergyMyWay
