In response to your enquiry, the Solar Panels generate 4kW. The FIT payments received vary based upon levels of sunshine, but over the past two years have returned £750 to £1050 per year. It has also resulted in a halving of demand for electricity from the Grid, a further saving per year of £750 to £950. The FIT payments are guaranteed for 24 years, index linked. Therefore a investment of £5,500 to buy and fit the Solar PV installation results in FIT payments over 24 years of approximately £18,000 to £25,200, index linked and a further saving on reduced demand from the grid of between £18,000 to £22,800, index linked. Potentially, the return over 24 years varies between £36,000 to £48,000, index linked, less the investment of £5,500 resulting in an average saving annually of between £1,271.00 to £1,771.00, index linked. The panels are Perlite Solar from Wenling, Zhejiang, 317521, China and have been operational since October 2012 through an Aurora PV inverter and return a Carbon Saving, calculated at around 2,350 tonnes per annum.
SAMUEL KENDALL ASSOCIATES LIMITED
Related Discussions
Would you consider building a home using Passive Solar Design?
Q
Solar panels or not
Q
Play the triangle ,solar panels!
Q
Solar Panel Cost Price
Q