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SOLAR POWER
INSTALLATIONS
Invest in photo-voltaic
solar panels and join the Green Revolution
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Generate income for the
next 25 years
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Reduce your annual
electricity bills
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Reduce your carbon foot
print
Generate income: Your electricity supply company will pay you 43.3 pence per kilowatt
hour unit for all the electricity generated by your Photo-Voltaic
installation.
A typical domestic
roof installation might have a power of 3 kilowatts. Over the course of
a year, a 3 kilowatt installation would - depending on weather - be
expected to generate around 2600 kilowatt hour units of power or a
income of £1126 which is tax free!
A family home might
use around 5000 kWh of electricity in a year, that's 5000 units of
electricity. A solar system with 15 panels on your roof in the south
east would generate about 2600 kWh - 2600 units of clean electricity or
over 50% of the electricity might you use.
It sounds too good
to be true - BUT IT IS! You actually get paid to use the electricity
you generate!
With an installation
cost of £9000 to £15000 that represents an annual return of around 9%
to 10% - that's way better than the current financial investment returns
of around 2%, and you don't pay any income tax!.
And it gets better -
the calculation above assumes that you use all the electricity you
generate, and if you don't, you get an extra 3 pence for every unused
unit (1 kilowatt hour).
So if you use, say
1300 units of electricity - that's 1300 kilowatt hours - of the
electricity that you generate you will save 1300 X 13p (assuming your
current charge is 13p per unit), that's a saving of £169! Also your
electricity supplier will pay you 1300 X 43.3p or £562.90 for generating
1300 units.
Then, from above you
actually generate more electricity than you need, another 1300 units,
for which you will be paid another £562.90 plus you will be paid by the
government another 3.1p for every unit that you don't use, that is fed
back into the National Grid electricity system. That's another £40.30
per year!
So from above, for
each year you could be better off like this:
Payment saved on
1300 units of electricity £169.00
Income from electricity you generate and use £562.90
Income from electricity you generate and don't use £603.20
Total income and savings each year could be £1335.10
Please treat all the above calculations as for illustrative purposes
only - real circumstances might be different depending on various factors and
market conditions |