In 2011, the Government-backed incentive designed to encourage homeowners to install solar panels, was double what it is today. This time last year, the Feed-in tariff rate for domestic properties was set at 43.3p per unit. Everyone started talking about solar panels and PV systems, and it didn’t take long for people to realise this was a great alternative both financially and environmentally to investing in banks and building societies.
Fast forward one year, and the feed-in tariff has fallen to 21p per unit. Media interest has waned and news stories have mainly taken a negative slant, focusing on government’s mishandling of the tariff change and the resulting challenges for industry.
So here’s the big news…. solar PV returns are now actually better than last year. Investing in a solar PV system on your house is still just as wise an investment now as it ever was – and our two quotes prove it. Here’s a look at how the figures compare:
|Date of quote||19 April 2011||26 April 2012|
|System size||3.96 kWp||3.92 kWp|
|Panels||18 x Trina 220W||16 x Trina 245W|
|Annual FIT payments||£1,417||£724|
|Annual bill savings||£205||£231|
|Return on investment||11.92%||11.94%|
New prices mean the technology’s more accessible than ever before. And with energy prices increasing steadily, it’s a great time to invest. Just one word of caution – the feed-in tariff will fall again in July, so there are now only eight weeks to get your quote, arrange a site survey, and schedule your installation. Be quick, and you could benefit from returns of up to 12%.
There’s an extra reason to be quick. At Caplor Energy we’re offering to pay for our client’s energy performance certificate AND provide free loft and cavity wall insulation if it means your house reaches an EPC Level D.