Make money from your own solar panels

If you are eligible to receive the FIT then you will benefit in 3 ways:

1. Generation tariff – a set rate paid by the energy supplier for each unit (or kWh) of electricity you generate. This rate will change each year for new entrants to the scheme (except for the first 2 years), but once you join you will continue on the same tariff for 20 years, or 25 years in the case of solar electricity (PV).

2. Export tariff - you will receive a further 3p/kWh from your energy supplier for each unit you export back to the electricity grid, that is when it isn’t used on site. The export rate is the same for all technologies.

3. Energy bill savings – you will be making savings on your electricity bills , because generating electricity to power your appliances means you don’t have to buy as much electricity from your energy supplier. The amount you save will vary depending how much of the electricity you use on site.

A rule of thumb for how much a system would cost is £2,000 + £4,000 per kWp. It can quickly be seen that a larger investment results in better value.

How long does it take my investment to repay itself?

Short answer: It is expected to take around 10 years to return the investment on an ‘average’ system.

Long answer: The length of time for an investment to payback can only be accurately determined on a case by case basis. It is also determined by the cost of the energy that you are replacing – something that is not easy to estimate: between 1st January 2008 and 31st August 2008 the average consumer felt a price increase of 43%. (uswitch.com)

We are happy to discuss the payback times with you when establishing a quote.

“The ability to produce clean, green energy from homes can help to lessen our carbon emissions and bring down fuel bills. We, as individuals, must make a contribution to the fight against climate change, as we can’t just expect big institutions or governments to solve the problem for us, we all have to make a difference.”

Former Minister of State for Energy Malcolm Wicks MP.

Find out how much could earn with our quick quote system - Go >