electrotectUK: #FITs and #EPC, blog by @electrotectUK
Posted on Wednesday May 16, 20123.6 kwp Horsforth, Leeds
29th July 2010
If you have the money, a PV generating system is a no–brainer.
Feed in tariffs (being paid for the electricity you produce from PV) and savings from not having to buy what you generate, have transformed the pay -back period for PV systems from 10′s of years down to about 10 years or less, depending on how much you generate. With systems having an expected life of 25 years, from the pay-back year onwards you start earning money. The net effect of this is for a return on capital of around 12% over the long period. This is much better than keeping the money in a bank where interest rates rarely exceed about 2% at the moment. I’d recommend anyone to put in as large a system as they can afford (or can fit in on the house) up to the 4 kW peak level.
OK, you have to lock you money away for a long term, but treat it as an investment – long term.
Consider also the capital value enhancement of your house. That’s a real feature too, and if you sell, this feature of the house might just clinch the sale at the price you want for the house.
Electrotect offered me a good package at an acceptable price and the work was executed well. Now all we need it lots of sunshine.
Martin Hughes, Horsforth, Leeds