PV Solar Panels – A Great Investment Opportunity

Have you got  between £8000 and £15000 to invest? With PV solar panels, facing between south-west and south-east, you are likely to get a 7 % to 10 % tax free return, linked to inflation. That sounds like a good investment to me. 

Here’s how it works:

Install a PV solar panel system of up to 4 kWp and you will be paid 41.3p for every unit of solar electricity you generate. If you don’t use it all yourself, you get paid an extra 3p for every unit you export to the National Grid. And what’s more the Government are guaranteeing the payments, linked to the Retail Price Index, for 25 years. ‘Enough’ as Ed Miliband says ‘to reward [householders] with up to £900 in the first year on top of a £140-a-year saving on their bills’.

With the expected 20 % hike in conventional electricity prices by 2020, you’ll probably have paid off your initial investment in 10 years. And PV panels have guaranteed outputs for 25 years and they usually last a great deal longer.

Sounds Good! Why not get a quote and take advantage of these excellent returns and make a contribution to reducing the UK’s carbon emissions, too.

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41.3p Feed-in Tariff

Today Ed Miliband from the DECC said the Feed-in Tariff for domestic customers, with retrofit pv solar panels, with systems up to 4 kWp, would be at 41.3 p from April 2010. This means householders will be paid 41.3 p for every unit of solar electricity they generate. Tariffs will be inflated annually and the tariff life time is 25 years. And the income is tax free too!

A typical 2.5 kWp well-sited solar pv installation, on an average 3-bedroomed house, could offer homeowners a reward of £900 and save them £140 per annum on their electricity bill, from April 2010. There are still grants available to help pay for the installation costs of PV panels – in Scotland grants are up to £4000 and in the rest of the UK up to £2500, per property – but you need to get your installation booked before 31 March to take advantage of these.

There’s bound to be a rush for installations with this generous  Feed-in Tariff, so hurry and get your installation booked now.

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