Earning Solar Electricity Tariff AND Grant – LIMITED TIME ONLY
The government’s “Green Energy Cashback Scheme” offers you the opportunity to earn money from generating Solar electricity. Also known as the “Feed-In Tariff” – the scheme will be in place for 25 years and provides a premium for the electricity you generate from a Solar PV system on your property. It will start in April 2010. For a limited time, you will be able to apply for both the £2,500 Grant for Solar as well as being able to claim the tariff payments … The grant scheme is due to be phased out when the tariffs come into place. But all systems installed FROM NOW UNTIL APRIL can claim the tariffs AS WELL AS the £2,500 Grant.
- The Grant is expiring in April 2010 – Don’t Delay
This is an excellent deal to bring you a substantial return and savings, in a secure investment which will generate a return of 8.7% per year. You can currently claim…
- Up to £2,500 Domestic Grant (50% for schools)
- Government-backed tariff for electricity generated for 25 years (about £657 per year)
- Savings in electricity (about £125 per year)
- Earning from selling back to grid (about £45 per year)
- The satisfaction from saving the planet
- Offsetting the rising cost of electricity…
CALCULATION – you do the maths
Say you buy a 2kW PV System which is normally £12,000 at today’s prices. The government grant until April 2010 is worth £2,500 so this will reduce the cost to £9,500. £12,000 - £2,500 = £9500 The 2kW system will generate around 1800kWh of electricity per year. This is a national average assuming an unshaded South-facing roof pitched at 30-40 degrees. The generation tariff will be set at 36.5p per unit. The Energy Saving Trust estimates about half of the electricity produced will be sold back to the grid (at 5p), and half will be used in the house which gives you savings on purchasing electricity (at 13.95p). Income from generation tariff = 1800 x 36.5p = £657 per year
Income from electricity sales (900 x 5p) = £45 per year
Savings on electricity purchase (900 x 13.95p) = £125.55 per year TOTAL Estimated Income and Savings = £827.55 per year On your £9500 investment you will get back 8.7% return per year.
As electricity prices will rise, the savings increase.
After 25 years you will have earned £827.55 x 25 = £20688.75 and the system will have paid for itself twice over!
After 35 years, most systems will STILL be producing free electricity due to the long life expectancy, securing you a return for the future…
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