PRODUCE MORE THAN JUST POWER WITH GRANT SOLAR PV

Grant sends this strong message to customers, as the Government announces the introduction of a new incentive scheme to encourage the adoption of power generating renewable technologies in the United Kingdom.

Let’s start with the basics...
A Grant Solar PV system generates ‘green’ electricity.  This power can be used to drive anything from an appliance to a light bulb that is usually powered by the mains electrical supply. Generating your own power enables you to not only reduce your carbon emissions, but also lower your annual electricity bills, as you will inevitably use less power from the National Grid.
 
Feed-in tariffs are designed to make you go green...
The Government’s new ‘Generation’ Feed-in Tariffs (FiT) are an incentive for people to switch to renewable technologies in the home, helping the UK to lessen its carbon footprint and meet the 2020 emissions target.

The scheme will pay you for every unit of electricity you generate with renewable technologies like Solar PV, whether it is used in the home or not (exported).

Due to start on 1st April 2010 and guaranteed for 25 years, this new scheme, results in a shorter payback for Solar PV systems, making them an extremely attractive green option for any home. Any Solar PV system installed after the 15th July 2009 is eligible for this Feed-in Tariff at the above rate, provided the system uses MCS approved equipment and has been fitted by an MCS accredited installer.  Looking more closely at this, when the capital cost of the system is paid for, everything you generate and receive as pay-back after, is income!

PV systems registering with the scheme from 1st April 2010 to 31st March 2011 will benefit as follows:
Any system up to 4kW on a new build                                             = 36.1p per kW pay-back
Any system up to 4kW on an existing property (retrofit)                  = 41.3p per kW pay-back
Any system 4-10kW new build or retrofitted                                    = 36.1p per kW pay-back
Any system 10-100kW new build or retrofitted                                 = 31.4p per kW pay-back


If you normally pay 12p per kWh for your electricity, you would effectively get both the power consumed for free and the FiT. So on a retrofit system up to 4kW this would mean 12p + 41.3p = 53.3p per kWh saving!

The tariffs are available only for 30,000 micro CHP installations and a review will take place when 12,000 units have been installed.

Energy and Climate Change Secretary, Ed Miliband said: “The feed-in tariff will change the way householders and communities think about their future energy needs, making the payback for investment far shorter than in the past.

Suddenly Solar PV is an extremely lucrative venture…
A Solar PV system installed under the Renewable Heat Incentive Scheme is guaranteed for 25 years and the financial benefit is transferrable if you decide to sell your home.

To a potential buyer, a house which is generating its own power would be a very attractive proposition, just like having immunity to the OFGEM warning of a possible price increase of up to 25% for fossil fueled energy within the next ten years.