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 3.36 kW system fit for a semi-detached home in Maidstone, Kent you can make an annual return of £824.
This will help pay back the entire cost of the system in roughly 7 years.
Annual Benefit Breakdown
Feed-in Tariff Income £494
Export Tariff Income £76
Electricity Bill Savings £254
= Total Annual Benefit £824
% Return on investment 14%
Total annual return is calculated on IKEA FAMILY member price of £5,700 incl 5% VAT for a 3.36kW 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 2 according to MCS New PV Guide 1.0. Assumes a minimum EPC rating D. Annual FIT Generation Tariff calculation: (3314 kWh x 14.9p). Export Tariff calculation: (1657kWh x 4.6p). For customers without smart meters, export is not measured, but deemed at 50%. Electricity bill savings: (1657kWh x 15.32p). Assumes 50% of generation used. Bill savings based on medium user paying 15.32p/unit according to Energy Saving Trust.
As energy prices reach an all-time high, now is the time to think ahead.
All yearly averages are based on the top 9 UK electrical company price rises. The base electrical price (£364) is averaged from all 2004 domestic electricity bills including credit, direct debit and prepayment customers in the UK. Energy prices are estimated to rise by 33% as per the DECC “Estimated impacts of energy and climate change policies on energy prices and bills” March 2013 report.