Our February Newsletter:
| Viridis Energie Consultants Newsletter | February 2010 |
| Viridis will be exhibiting at Ecobuild 2010!
The World’s biggest show of its kind! Anyone who’s anyone in the industry will be there! We are!Come and visit us on stand To register for 1275 alongside our partners at:- free tickets for this event being held at Earls Court 2nd-4th March, visit:- http://www.ecobuild.co.uk/register.html For all the latest news in the world of renewables - Follow the Greenenergychap! Or see the news page of our website www.viridisec.co.uk/news 180 Eureka Park, Upper Pemberton,Ashford, Kent, TN25 4AZ. 0845 437 4484 info@viridisec.co.uk |
Renewable energy –
The best investment around?
Historically, renewable energy was perceived as an expensive luxury. However, with the details of the Feed in Tariff, or
FIT (for electricity generation) now confirmed, and the proposals of the Renewable Heat Incentive, or RHI (for heat generation) due in 2011, put out to consultation… There is no better time to invest in renewable energy!
A FIT example: -
A typical 2.5KWp solar panel system generating 2000kwh/annum, would receive £820 in the first year through the FIT payment scheme. This is payable for 25 years, and is index linked, so will go up by the rate of inflation each year.
This doesn’t include any additional savings made from either using your own generated electricity, or payments from export. This could equate to a further £200, and this would be linked to fuel price increases. Cost for installation would be around £12k. This equates to a, tax free, return on your investment of over 8%. A wind turbine, in an ideal site would see much greater returns, as much as 30% in the UK. The same money in a bank or building society would, currently, earn around £120 per annum, before tax! A RHI example: A typical solar thermal system generating around 1600kwh/annum would receive £288 in the first year through the RHI payment scheme. This is payable for 20 years and is also indexed linked. In additionCost for installation would be around £4k, before any national (£400) and/or local (up £1500) grants. This equates to a tax free return on your investment of The same money in a bank or building society would, currently, earn around £40 per annum – before tax! - further savings will be made which dependent upon current fuel source and amount of hot water used. This could be in excess of £100, and would be linked to fuel price increases. over 9%. So, where would you rather invest your money?? |
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