ROI
Average consumption 6,000 kWh per year
- Cost of electricity €0.20 per kWh including VAT
- Average about €1,200 per year
- Increasing at 5%
- 2.7kWp System installed (12 Solar PV Panels)
- Generates 2,622kWh per year
- Estimated cost €5,000 fully installed inc VAT
Savings over 20 years
- Total savings €17,000
- Rate of return > 14% for more than 20 years TAX FREE
- Consume 100% of what you produce
- Diversion technology to heat water radiatorsNorthern IrelandReturn on Investment
IRR investment returns 30% are now possible for Solar PV Installation
Case Study: Typical 3/4 Bedroom Home
- Consumption 6,000kWh per year
- Electricity costs £0.15 per kWh
- Solar PV Installation is 3kW, 12 panels, 30 SqM
- Estimated cost of complete installation £5,500 excl VAT
- IRR (Internal Rate of Return) 30%
- Payback in less than 5 years
- The UK government will pay you a feed-in-tariff of £0.176, for every unit (kWh) you generate.
- Unused electricity generated by solar panels can be exported to the grid for an agreed export tariff (approx £0.055) with your electricity provider
Leave a comment