Solar PV systems (solar panels) are a ‘fit and forget’ renewable energy technology that has dramatically fallen in cost over the past 5 years since the Government’s Feed in Tariff(FiT) incentives scheme was launched.. Once installed, they require virtually no maintenance or service, and last up to 30 years, – and with most solar panels guaranteed to generate at least 80% of their rated power after 25 years.
The Government’s Feed-in Tariff incentive to install renewable energy systems means that solar PV electricity generating systems will not only provide FREE electricity for life, but also produce a guaranteed tax-free income for the 20 years of the FiT contract.
Benefits of Solar Energy
Recently the Government agreed to pay £92 per MWh for electricity from the new Hinkley Point C nuclear power station. This is more than double the current wholesale prices of £42 per MWhr, which is expected to double in the next 10 years. This clearly indicates how much prices will rise over the life of a Solar PV system. With energy costs this high, being able to generate your own free electricity will be increasingly valuable, as well as helping to protect you from energy shortages likely to occur as “dirty” coal-fired power stations are decommissioned.
Solar Energy For Homes
Homeowners used to be put off the idea of solar panels by the installation cost and the concern that the energy generated might never be worth the cost of installation. NOT any more.
When the energy savings and Feed-in Tariffs are taken into account, a typical domestic solar PV installation in St Neots could provide annual returns of 8 – 12% and a pay for itself in just approx 8 years. And that’s on top of the reduction you’ll make to your carbon footprint, and the value added to your home by the solar system should you decide to sell.
Renewable Energy For Businesses
All the benefits above also apply to business premises such as offices, warehouses, factories and retail buildings, and public building such as schools and leisure centres. These premises tend to be occupied during the day so they can immediately use solar energy as it’s being generated, which improves ROI.
The cost of a Solar PV system can be offset against your business’s Annual Investment Allowance(AIA) which allows your company to invest up to £200,000 in plant or machinery with the benefit of 100% corporation tax relief.
For larger businesses, there is also a legal requirement to meet Carbon Change Levy(CCL) energy efficiency targets. Solar PV systems go a long way toward this goal and as you replace energy generated by burning hydrocarbons your Solar PV system also reduces your CCL tax liability. All businesses benefit from the long-term savings on electricity costs, whilst promoting their green credentials to their business community, an increasingly important corporate responsibility, in a very visible way.
Solar Panels Cambs Ltd offers a free no-obligation survey and a full analysis of the costs and benefits of a solar energy installation on your roof, or even on vacant land. They will then work with your facilities management to specify and install the solar panels and maintain them over the long term.
Costs & Income Calculator
To get a more detailed breakdown of costs and income for a solar installation at your home or business, start with Solar Panels Cambs’ solar PV calculator or why not request a quote from this recommended firm of solar panel installers.
Solar Panels Cambs Ltd
Solar PV Systems | Solar Panel Installers
St Neots and throughout Cambridgeshire
Please mention The Best of St Neots when contacting Solar Panels Cambs Ltd
Having shopped around for Solar PV for my house, I contacted "Solar Panels" cambs and met in Ian when he came to survey and give me a quote. I was immediately impressed with Ian's knowledge and his honest...
I asked Powervault a battery supplier, for solar installations about their products. I said I was interested in a domestic solar panel installation and they put me in touch with Ian Shepherd at Solar Panels...
I wanted to say how pleased we were with the efficient and friendly service we received from Solar Panels Cambs. We had previously contacted the company a few years ago, for a quote, and although we decided...