Domestic Solar Energy
1 Solar Energy provide a full domestic solar energy supply and installation service throughout the UK.
How do I make money from installing PV solar ?
On 1st April 2010, the UK Government launched the Feed-in Tariff (FITs) or 'Clean Energy Cashback' Scheme.
FITs is a great way to make money from excess electricity
generated by your solar PV system. The Feed in Tariff offers a
guaranteed tax free minimum payment from energy suppliers for the
green electricity you produce. You receive a payment for all of the
electricity that your system generates; even if you use that energy
yourself!
The Feed In Tariff scheme is an incentive for households and green
communities to invest in installing renewable technology. By
generating their own electricity from renewable technologies, such
as solar panels, households and green communities are entitled to a
guaranteed minimum payment from their energy supplier for the
electricity they produce.
Feed in Tariff - expected returns
This is in addition to separate payments for the electricity which is exported to the grid and the bill savings made by generating electricity on-site. The Feed In Tariffs has a range of tariff prices for each technology and is guaranteed for up to 20 years tax free (to domestic clients) and index linked offering around a 7% return on your investment annually. For example, the power from a solar system could earn up to £600 a year in addition to a £300 saving on the household energy bill.
In return, the low carbon power being generated and sold back to suppliers helps Government meet renewable energy targets.
Those eligible for the Feed In Tariff benefit through:
Generation tariffs
You receive a set rate payment from your energy supplier for each
unit (or kWh) of electricity you generate.
Export tariffs
You receive a further payment from your energy supplier for each
unused unit of electricity that you export back to the electricity
grid.
Energy bill savings
Your electricity bills will be reduced as the electricity you generate is used to power your appliances, rather than having to buy it from an energy supplier.
Eligibility for Feed In Tariff
The following small-scale (up to 5 Mega Watts) low-carbon electricity technologies are eligible for FITs:
- Solar electricity (PV) (roof mounted or stand alone)
- Wind turbine (building mounted or free standing)
- Hydroelectricity
- Anaerobic digestion
- Micro combined heat and power (mCHP) (limited to a pilot at this stage)
Feed in Tariff - How to register
When your system is installed we will register your installation with the scheme and then advise you on approaching your power company to sell them your electricity.
Disclaimer
Above figures based on national SAP calculation of a 4kWh system at £0.16 per unit.
Quick Contact
34 Watt Road,
Hillington Industrial Estate,
Glasgow. G52 4RY
T: 0845 835 0606
E: info@1solarenergy.co.uk
