Every year, with a Hanergy solar system you will make money in 3 distinct ways:
Let's take at closer look at why solar is the ultimate feel-good investment.
For 2.88 kW system fit for a semi-detached home in Maidstone, Kent you can make an annual return of £582.
This will help pay back the entire cost of the system in roughly 8 years.
Annual Benefit Breakdown
Feed-in Tariff Income - £342
Export Tariff Income - £61
Electricity Bill Savings - £179
= Total Annual Benefit - £582
% Return on investment - 11%
Total annual return is calculated on IKEA FAMILY member price of £5,200 incl 5% VAT for a 2.88kW system located in Maidstone. Price includes all core components (solar panels, inverter and monitoring system) plus installation service. 35 degree pitch with south facing roof and 10% shading for a house in Zone 1 according to MCS Irradiance Datasets 2.0 released 24/07/2013. Assumes a minimum EPC rating D. Annual FIT Generation Tariff calculation: (2551kWh x 13.39p). Export Tariff calculation: (1275kWh x 4.77p). For customers without smart meters, export is not measured, but deemed at 50%. Electricity bill savings: (1275kWh x 14.05p). Assumes 50% of generation used. Bill savings based on medium user paying 14.05p/unit according to Energy Saving Trust (2014).
As energy prices reach an all-time high, now is the time to think ahead.
The base electrical price (£592) is averaged from all 2014 domestic electricity bills including credit, direct debit and prepayment customers in the UK. Energy prices are estimated to rise by 22% between 2014 and 2030 as per the DECC “Estimated impacts of energy and climate change policies on energy prices and bills” November 2014 report. Source: www.gov.uk/government/uploads/system/uploads/