Solar PV returns better than expected!
We contacted Eco Environments for a quote on under floor insulation and landed up with solar panels, how did that happen? Easily really. Having a long friendly chat with David Hunt on the ‘phone led to our interest in solar PV being discussed and the offer of a free survey and quotation at the same time as they quoted for natural sheep’s-wool insulation. They came, they saw, they did some explaining and we were impressed. The quotation followed swiftly and we gave the immediate go-ahead for the insulation but had to think quite a lot about the initial outlay for the solar panels. David explained about the Feed-in Tariff scheme and it did seem too good to be true. As it was before April 2010, there was also the possibility of a £2,500 grant towards the cost and details on how to apply were included in the application. The application to the Energy Saving Trust for a grant took 5 minutes to fill in and we received an award within 15 minutes of submission. Armed with this and with much more confidence in the yet to be implemented FiT scheme, we committed ourselves to the installation of a 2.58 kWp system expected to generate about a third of our electricity needs.
The installation process was a breeze. On the first day the scaffolding was up (and down again before day’s end, so no worries about security) and the panels secured to the roof. The inverter was installed in the loft and the necessary electrical wiring run into the consumer unit with minimum of fuss. I work from home and, with the exception of the tea/coffee runs; I hardly noticed they were there. Day 2 involved finishing off and installing the generation meter alongside our electricity meter. This second meter tells us how much we’ve generated and it’s this reading we need to give to our supplier, Npower, for them to make payment to us. David came around later and provided all the necessary paperwork for submission to the grant people as we can only receive our once installation has been completed and certified. The installation also includes a wireless “sunny beam” monitor giving information on electricity being generated by the panels in real time. It’s been 6 weeks since installation and it’s still on my desk and it still gets more attention than any other gizmo.
All in all, it’s actually quite a simple system; panels on the roof with wires into a box in the loft and more wires into our home electrics, so no moving parts and negligible maintenance. There are a few forms to complete but nothing taxing, we would (and do) recommend a system to anyone interested in doing their bit or simply in an investment that doesn’t depend on the banking sector! – Lee Jones
What it will save them/make them financially and over what period of time
“Originally, the estimate was around £1,000 per year income/saving, making payback in a little over 11 years and a return on investment of around 5% per year over the 25 years of the scheme. The system has, however, exceeded all expectations and we’re on track to generate nearly £1,500 in 2010 but that’s only using April and May’s generation figures, better will come in the summer. This translates into around 9% annual return, tax free. If electricity prices rise more than predicted then the savings could be much higher. To put this into perspective, the savings we may make this year will cover our entire electricity AND gas bills.” Lee Jones
We contacted Eco Environments for a quote on under floor insulation and landed up with solar panels, how did that happen? Easily really. Having a long friendly chat with David Hunt on the 'phone led to our interest in solar PV being discussed and the offer of a free survey and quotation at the same time as they quoted for natural sheep’s-wool insulation. They came, they saw, they did some explaining and we were impressed. The quotation followed swiftly and we gave the immediate go-ahead for the insulation but had to think quite a lot about the initial outlay for the solar panels. David explained about the Feed-in Tariff scheme and it did seem too good to be true. As it was before April 2010, there was also the possibility of a £2,500 grant towards the cost and details on how to apply were included in the application. The application to the Energy Saving Trust for a grant took 5 minutes to fill in and we received an award within 15 minutes of submission. Armed with this and with much more confidence in the yet to be implemented FiT scheme, we committed ourselves to the installation of a 2.58 kWp system expected to generate about a third of our electricity needs. The installation process was a breeze. On the first day the scaffolding was up (and down again before day’s end, so no worries about security) and the panels secured to the roof. The inverter was installed in the loft and the necessary electrical wiring run into the consumer unit with minimum of fuss. I work from home and, with the exception of the tea/coffee runs; I hardly noticed they were there. Day 2 involved finishing off and installing the generation meter alongside our electricity meter. This second meter tells us how much we've generated and it's this reading we need to give to our supplier, Npower, for them to make payment to us. David came around later and provided all the necessary paperwork for submission to the grant people as we can only receive our once installation has been completed and certified. The installation also includes a wireless "sunny beam" monitor giving information on electricity being generated by the panels in real time. It's been 6 weeks since installation and it's still on my desk and it still gets more attention than any other gizmo. All in all, it's actually quite a simple system; panels on the roof with wires into a box in the loft and more wires into our home electrics, so no moving parts and negligible maintenance. There are a few forms to complete but nothing taxing, we would (and do) recommend a system to anyone interested in doing their bit or simply in an investment that doesn't depend on the banking sector! - Lee Jones What it will save them/make them financially and over what period of time “Originally, the estimate was around £1,000 per year income/saving, making payback in a little over 11 years and a return on investment of around 5% per year over the 25 years of the scheme. The system has, however, exceeded all expectations and we're on track to generate nearly £1,500 in 2010 but that's only using April and May's generation figures, better will come in the summer. This translates into around 9% annual return, tax free. If electricity prices rise more than predicted then the savings could be much higher. To put this into perspective, the savings we may make this year will cover our entire electricity AND gas bills.” Lee Jones
With thanks to David Hunt at Eco-Environments for providing the case study.
Contact David on 0845 68 68 111 or e-mail info@eco-environment.co.uk