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BritishEco Solar PV Case Study in Yorks

Mr and Mrs M installed a 20 panel 3.7kWh on a south facing roof of their house in Harrogate in March 2010. They started receiving the Government guaranteed payment of the from 1st April 2010 at a rate of 41.3p/kWh for the Generation Tariff and 3p/kWh for the Export Tariff, which is deemed to be 50% of the amount of electricity generated. This means they will earn approximately £1,300 from their Solar PV System and save approximately £200 on their electricity bills.

They will receive these Government guaranteed payments (Feed-in Tariffs) for 25 years, plus they will be adjusted for inflation using the Retail Price Index.
In addition, because Mr and Mrs M installed their Solar PV System in March when the Government Grants were still available for Solar PV Systems, they qualified for a £2,500 grant towards the installation costs. They can expect income and savings from the Solar PV System over the next 25 years to be around £59,000, which is a profit of well over 300% of the original purchase price.

Income from the Feed-in Tariff is tax free for householders which means a further saving of around £375/year for tax payers and a £1,000/year saving for higher rate tax payers.

For full details download the full case study here ...

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