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Solar PV is the future, with investment to offer returns of up to 10%

Solar PV is still a great investment with returns of up to 10% on domestic and up to 12% on commercial properties. Solar PV  is a fantastic way to offset the year on year price rises from your energy supplier, offering a sustainable ongoing revenue for years to come.


Feed-in Tariffs Explained

You can receive a payment (tariff) from your electricity company of up to 4.25p per kWh of energy generated & a deemed 50% export tariff of 4.91p. You can also use the energy for free all day which offers further saving on the electricty you purchase from you supplier.

The tariff is non-taxable and will increase in line with inflation. It applies for 20 years from the date of system installation. So for 20 years you will get paid for the electricity you self produce.

In order for your system to qualify for feed in tariffs, it must be installed by an MCS accredited installer. Solar Force Renewables Ltd is an MCS accredited installer.

Reasons to go solar:

  • Receive a tax free amount of 4.25 p per kWh for the next 20 years, just for generating electricity.
  • Become self sustainable and generate your own electricty.
  • Our energy resources ar depleting.

Use the energy you generate for FREE - if you are currently paying 16p per kWh for your electricity the value of the electricity you use from your system is 20.25p per kWh.

Sell any energy you don't use back to the grid. The extra energy you produce can be sold back to the grid for 4.91p per kWh, making each kWh generated worth 9.16p to you.

Do your bit for the environment. We need to reduce our carbon footprint by 50% by 2020. Renewable technologies are fundamental to this reduction.
Feel good! you are making the world a cleaner, safer and sustainable place to enjoy your future.

Guaranteed for 20 years - by the UK Government. Once you sign up to generate your own energy, you lock in to the feed in tariff of 4.25p (index linked) for 20 years. So for the next 20 years - that's until 2032 - you will get paid 4.25p for every kWh you generate.

So if you are comparing the income from the tariffs with that from another taxable investment you should look at the 'post-tax' income from the taxable investment.

Both the generation tariff and the export tariff are index-linked to the Retail Price Index (RPI) so that they rise with inflation. The value of the energy used is also likely to increase as electricity prices rise. This means that your income will increase over the life of the scheme.

Solar Panel's income are still index linked therefore tariffs will rise with inflation! Inflation may eat up the return on your cash deposits, but it won't decrease the value of your solar investment.

How do I claim the feed-in tariff?

In order to claim the tariffs you need to sign a "home generation" contract with an energy supply company. You should do this as soon as the system is installed. Ring up your electricity company and ask for their "home generation" sign up form. With some electricity companies – for example British Gas, you need to call them as soon as you know you are installing PV.

Whoever your company is, we recommend you ring them as soon as you have an installation date, and ask them

a) whether you need to pre-register.
b) what their procedure is for signing up.

All of the large suppliers offer home generation contracts and in most cases your existing electricity supplier should be able to sign you up. If your electricity provider does not offer the feed-in tariff, ring one of the big suppliers instead (e.g. Scottish & Southern, EDF etc). There are also a number of smaller "green" suppliers that are offering FITs payments.

Please note in order for your system to qualify for feed in tariffs, it must be installed by an MCS (Microgeneration Certification Scheme) accredited installer. We will provide you with a certificate after the installation. You need this in order to sign up.

What income can I expect? Installing a solar PV system gives three financial benefits:

First of all, PV system owners are entitled to a 'generation tariff' for each kWh produced whether it is used or sold back to the grid. For small systems installed on existing roofs ('retrofit') this tariff is currently 4.25p per kWh. The amount of energy generated is measured by a 'generation meter' installed with the PV system. Tariffs vary with installation size as follows:

System type System size Tariff per kWh generated

('locked' in for 20 years) New build <4kWp 4.25p New build or retrofit A new build is where the PV system is installed prior to somebody first living in the property.

A standalone system is an installation that is neither attached to a building nor wired to provide electricity to an occupied building. Most domestic installations carried out by us are under 4 kWp for existing properties and so qualify for the full 4.25p per kWh.

Secondly there is the amount saved on the household electricity bill. With electricity prices running at around 16p per unit and set to rise this is a significant amount.

Finally any electricity which you generate and don't use gets sold back to the grid. You get paid an 'export tariff' which is a minimum of 4.91p per kWh. Note that it pays to use as much energy as you can – you are saving yourself around 20.39p a unit if you use it, compared to 9.16p if you export it. So put the washing on when the sun shines!

Sample

A south facing 4 kWp (16 panels) PV system would allow you 3772 kwh per year.

The income and savings expected can be calculated as follows:

Feed in tariff
No of units generated x tariff per unit
3772x 4.25 = £160.31

Free energy
The unit cost of electricity is 16p per kwh for the year 2016

An average household may be in the house half the time.

Therefore the value of the free energy is:
Assumed 50% x No of units generated x unit cost of electricity
50% x 3772 x 16 = £301.76

Exported energy
The rest of the energy gets exported to the grid earning 4.91p a kWh: The value of the exported energy is: 50% x No of units generated x export tariff
50% x 3772x4.91 p = £92.60

In total the value of the income and savings is £160.31+ £301.76 + £92.60 = £554.67 every year

This shows that an investment in renewable energy such as solar PV is not only environmentally friendly but also financially viable. We estimate that PV installations should have paid for themselves in 5 to 7 years. Feed in Tariffs are paid to you quarterly or annually for 20 years. Your electricity savings will go beyond this. The Solar Panels have a 25 year performance warranty but could go beyond this saving  you electricity for years after.

Please also take a look at our other product sites:
www.modernenergyeelctricalservices.com
www.commerialsolarinstallers.co.uk
for more energy saving solutions & finance options

Here are some of our accreditations:
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