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Solar PV (Photovoltaic) Systems are used to convert the sun's rays into electricity. This electricity can be used in exactly the same way as the mains power to residential or commercial properties. Electricity used at night, where there is no sunlight to power the panels, would come from the National Grid in the normal way. During the day, a 2kW system will provide more than enough for most households. Any extra electricity generated is then be fed back to the National Grid for resale to other customers. Via FIT payments, the system owner is paid 41.3p for each unit of electricity generated even if used in their own home! The panel owner also receives an additional 5p per unit returned to the grid.
Why?
- All Daytime Electricity at no cost! Saving a minimum £200 each year
- Receive £1000 tax free for the next 25 years
No maintenance and therefore no extra costs after installation
Why not?
- The only drawback it the initial cost to purchase and install the system (but well worth it in the long run!)
Residential systems cost between £7500 and £20000 depending on their output. All will have paid for themselves within 10 years and provide a tax free income for all 25 years, if fitted before 31 March 2012.
What is a Solar Thermal System?
Solar Thermal Systems provide hot water for the home
Domestic systems cost between £3500 and £12000. Providing up to 70% of all domestic hot water dramatically reducing household bills.
From 2011, the government is introducing the RHI payments scheme to pay system owners for the hot water they produce, likely to be approximately £350-£400 each year.
If you would like to more about how a Solar PV system or a Solar Thermal system can help you and the environment, please fill out the form on the right of the page and up to three independent MCS accredited specialists will contact you directly to offer advice and prices.
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