Solar PV has soared in popularity since the government introduced the feed-in tariff (FIT) in 2010. The scheme pays a set rate for every unit of electricity generated. For both commercial and residential properties, this can give index-linked, tax-free returns of 10-15%.
It’s a huge incentive and we’re here to help you make the most of it. By selecting the most appropriate panels and components, we’ll help you streamline your costs and maximise your return on investment. We’ll even complete the FIT application on your behalf.
Depending on the size of your system, you’ll be paid the following rates for units of electricity generated (not exported) on your property, regardless of whether you use it or not. Rates are linked to RPI and are guaranteed by the government for the next 20 years.
Exporting to the grid
If you don’t use all the energy your system generates, you’ll export the remainder back to the grid. For systems under 30kWp this is unmetered, so most electricity suppliers assume you use half the electricity you produce, and will pay you for the rest at a rate of 4.5p per unit. The reason for this is that meters are expensive to install for electricity companies and on average the difference between actual and the 50% assumed figure is only a few pounds per year.
For systems over 30kWp you’ll need to purchase an export meter. If you don’t already have half-hourly metering, you may also need to pay an annual fee to your electricity supplier.
Residential systems are typically 1-4kw in size and commercial systems range from 7kw up to the maximum 50kw. 50kw is around 200 panels.
Saving on running costs
Electricity generated by the solar panels will power any appliances you’re using during daylight hours. Currently, that means saving around 15p (UK average per unit) for every unit you use. But as electricity prices continue to rise, this is obviously a huge benefit for our customers.
On top of this, we are also able to offer you a very specialist service installing backup and extended power supplies. These systems can be added to any of our previous installations as well as new systems. With residential systems during the day, especially during the summer, more electricity is generated than can be used. At night you revert to buying in your power. Generating more than you can use then having to pay to get it back. Sounds crazy and it is. So we have developed a storage system that stores this extra free energy and releases it at night. Now you can be more independent and reduce those bills even more.
These systems can also be used for off-grid power supplies where no mains power is available. You can also benefit from the Feed-in Tariff in this case too.
Contact us to find out if you can benefit from a solar battery storage system.