With the recent hike in electricity prices, Solar PV has become more and more worth it. Payback times have more than halved over the last year, and with further increases on the horizon, these payback times will further decrease.
Payback for the supply and installation of Solar PV is around 7 years. This is based on an installation cost of £10,000 and a unit cost of electricity of 0.25p per kWh. If the unit cost increases to 0.50p, payback times halve to 3.5 years.
Your energy supplier can offer you an export tariff under the SEG. This is usually around 3.5 - 5p per kWh. This does add up up over the years, but the best way to get the most from you system is to store it to use later.
We are based in Wadebridge, Cornwall and specialise in the installation and commissioning of Solar PV. We can create a bespoke 3D design of your property and provide you with a free estimate. We give you a comprehensive set of performance figures which will allow you to see the potential of your system, and your total payback period.
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