Feed In Tariff Example

Mr Green wants a 3kW system on his south facing roof in Skipton, the cost of the installation being in the region of £8,700. A 3kW system in Leeds will produce 2550 kWh per year. Therefore, Mr Green will earn around £535.00 for the total amount of electricity the solar PV system will generate, regardless of whether or not it is used within the home (21p x 2550 kwh).

Please note that a household is generally always using electricity - occupied or not.

£357 in savings through not having to import and be charged from the grid. This assumes that electricity is bought from the supplier at 14p per kWh. Note as energy costs rise this saving becomes greater!!
= £892.00

So Mr Green would have a payback on his system in 25 years of £22,312.50:

That’s a tax free profit of £13,612.50 !

Installing solar panels and cosidering solar PV Feed In Tariff is a great financial investment.