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Solar is still a fantastic investment! 10% returns over 25 years, tax free, inflation linked!
And if the government loses in Court of Appeal, you could get a return of 18% Tax free and inflation linked! Click here to read more...
But hurry:
- From 1st April 2012 your house will need an EPC rating of C or above to qualify for the full Feed-in Tariff.
- Only 14% of houses are rated at C or above.
- It's much easier and cheaper to install before 31st March 2012.
To be sure of getting an installation before 31st March you need to order by 14th February 2012.
Now is the time to take advantage of the Feed-in-Tariff before it becomes much more difficult.
How are the returns still this high after the Government's cuts?
Let's take a case study. The Williams are a family of 4 living near Reading. They choose to invest in a 4kWp system from Spirit Solar on their south-facing roof.
According to PVGIS the system will generate 3,492 kWh of electricity every year. The government assumes they export 50% (this is "deemed", not metered), and use 50% at home. But, by monitoring how much energy their system is generating, and how much energy their home is using, the Williams are able to schedule when they use their appliances, such that they use 75% of the energy generated on their roof.
The financial benefits for the Williams work out at:
(1) Free energy
75% x 3,492kWh x 13.5p = £353.57
(2) Feed-in-tariff
100% x 3,492kWh x 21p = £733.32
(3) Export tariff (deemed to be 50%)
50% x 3,492kWh x 3.1p = £54.13
Total savings and income
(1) + (2) + (3) = £1,141.01 per annum.
This represents a return of over 10% - and as Mr Williams is a higher-rate taxpayer he would have to be earning more than 17% in his bank account to match this!
Don't miss out on the solar deal - further cuts could be coming!
The government have committed to a more flexible system to be able to lower subsidies more quickly and without such lengthy consultation processes. This could mean that further cuts for new installers could come at any point. In short, delaying could be costly!
We'll email you a quote
- Get an accurate email quote emailed to you
- Fill in the form and we'll contact you within 24 working hours (9-5 Mon, Wed, Fri, 9-8 Tues, Thurs)
- No need to speak to anyone on the phone!