Here's an opportunity for a great long term investment with high guaranteed returns, while saving the planet at the same time.
Solar Panels, otherwise known as PV Panels (PhotoVoltaic) sales are rocketing. There's been a few articles in the press lately and some great information on the energy saving trust's website too. Check these links for more info.
In Cornwall we are well placed to take advantage of this technology as we do (believe it or not) get more sun than the rest of the country. A typical 1kWp system (Kilo Watt Peak) in Cornwall will generate around 963kWh (kilo Watt hours, also known as units) a year. The new Government FITs (Feed In Tariff) pay you 41.3p for every kWh you produce, even if you use it. If you generate more electricity than you are using then you get paid an extra 3p for each unit that you export to the grid.
As an example, if you are out of the house most of the time you are generating, therefore using some of the electricity you generate your annual income would look something like this.
| Feed in Tariff 963kWh | £397 |
| Exported electric | £14 |
| Savings from your electric bill | £62 |
| Total annual income | £473 |
The FITs are guaranteed for 25 years, 25x£473 = £11825. This figure does not take in to account the fact that FITs are inflation linked, so the 41.3p will rise each year in line with the Retail Price Index. There's also the inevitable rise in fuel costs which will increase the value of your savings on your electricity bill.
A 1kWp system typically costs around £5500 to install and you can install up to 3.68kWp system on a domestic property. The income from a 3.68kWp system would be 3.68 x £11825 = £43,516.
Go to Cornwall Solar Panels for more information on Solar PV panel installations, or give me a call and I can help with any questions you have. If you know of anyone else who may be interested please could you email them a link to www.cornwallsolarpanels.co.uk.
Many thanks for reading this far!




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