Jleaf Solar – No 1 for the supply and installation of energy-efficient PVin Altrincham
Jleaf Solar is a family-owned company specialising in the supply and installation of green, energy-efficient and cost-effective PV solar panels for both homes and businesses in Greater Manchester, Tameside and Cheshire. With the costs of electricity soaring, there’s never been a better time to join the ever-growing band of people who are now producing their own electricity by harnessing the power of the sun. PV solar panels could save you up to £300 per year off your domestic electricity bill and, what’s more earn you a government-backed income of around £620 each year through a scheme called Feed In Tariffs. The best part of all is that this amount is guaranteed by the government for the next 20 years and is index linked to the RPI. Doesn’t it make sense to save a fortune and earn one at the same time?
So how can Photovoltaic cells save and yet earn you money at the same time?
The average cost of a PVinstallation is estimated to be between £4,000 and £6,500, though that does depend on a number of variable factors like the size of house and its orientation. That’s a lot of money to invest, but when you consider the alternatives of low-rate ISAs and poor general interest rates, solar-generated electricity schemes start to look financially attractive. You could put that money into an ISA of course and it would be safe, but you’d be hard-pushed to find anywhere that would give you a return better than 3.5% these days. So the best you could stand to gain is £315 per year.
The Department for Energy and Climate Change (DECC) introduced a new scheme on 1 April 2010 called Feed-In Tariffs (FIT) in an attempt to address some of the issues surrounding energy resource depletion and green house gas emissions. It did this to encourage homeowners and businesses to invest in renewable energy sources like solar electricity panels. Under the scheme energy suppliers have to make regular payments to those households and communities that generate their own electricity using low-carbon sources like solar panels. Households that do generate electricity this way are guaranteed at least a minimum payment for all the energy that’s produced. Feed-In Tariffs (FITs) have been designed to ensure that the average monthly income generated will significantly exceed the monthly cost of purchasing and installing the technology. FITs are made up of 2 separate elements: a generation tariff and an export tariff.
Jleaf Solar – Altrincham’s premier supplier and installer of PV solar panels
So how much can you earn by generating solar panel energy in Altrincham?
A typical domestic solar electricity system, with an installation size of 4.0 kWp could earn around:
- £545 per year from the Generation Tariff
- £79 per year from the Export Tariff
- £300 per year reduction in current electricity bills.
This gives a total saving of around £924 per year, assuming 50% of the total electricity generated is exported back to the grid and your current cost per unit is 20p. It’s estimated that it takes on average approximately 6 years and ten months to fully recoup the cost of the initial installation.
The important point to remember is that these Feed-In Tariff payments are guaranteed to continue for 20 years after the installation. Effectively what this means is that at the end of 20 years any household that invested £6,500 in a PV solar panel system will have received back £61,000 in total. That’s a return on investment of around 14.2% a year.
We not only install solar panels in Cheshire, Greater Manchester, Tameside, Lancashire and Derbyshire, but also across Hale, Wilmslow, Prestbury, Stockport, Bredbury, Cheadle Heath, Cheadle Hulme, Great Moor, Heaton Mersey and Reddish.