Financial benefits to solar power

A typical house uses 4000 units of electricity per year @ 14.5p* per unit. The average annual electricity cost is therefore £580. A 4kWp Solar PV system can generate 3200 kWh*
Assuming half of the energy produced is used in the home, the rest sold back to the grid:
FIT income = 16p x 3200 = £531.20
Export tariff income = 4.5p x 1660 = £74.70
Avoided electricity = 14.5p x 1660 = £240.70
Total income and savings in the 1st year : £846.60
These payments are index linked and guaranteed for 20 years.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s