A domestic solar power installation not only helps reduce your electricity bills by up to 40% per annum, it provides a guaranteed, index linked tax FREE income for 25 years.
For installing a solar electricity system vary - an average system costs between £7,000 and £15,000,depending on its size and type. In general the more electricity the system can generate, the more it costs, but the more it will save.
*As an example the average household using 4,500 kWh of electricity a year, the Feed-In Tariffs will provide the following benefits if about 2.52 kWp of solar PV panels were installed:
*The electricity generated will pay the homeowner approximately £920 a year tax-free.
*Remaining electricity costs reduced from £495 to £365 saving £130 a year.
*So the total annual benefit for the homeowner is £1,050 per year.
*Source “Ownergy Plc”
The tariffs should cover the initial capital cost and, according to the Government, earn a return up to 8% p.a. In practice that means you should pay back the capital cost at least 2 to 3 times or more over the duration of the tariffs.
After the payback period, owners of Solar PV systems will still enjoy substantial savings on their energy bills and income for a further 10 years and beyond. A typical domestic solar (PV) system of approximately 2.52 kWp can produce around 40% of the electricity a household uses in a year.
Maintenance:
You’ll need to keep the panels relatively clean and make sure trees don't begin to overshadow them as that will reduce the electricity produced.
At Mipower Limited we have fully trained professional installers and supply the best quality Solar PV (photovoltaic) products from major manufacturers such as BP Solar, Sharp, Schùˆco and Sanyo, which include a 25 year performance warranty.
With the introduction of the new Feed in Tariff initiative, you have a fantastic opportunity to install this technology in an affordable way with the help of Mipower Ltd. Not only will those who adopt Solar PV technology see a real saving on their electricity bill, but also an income from every single unit of electricity generated!
Can Solar Power be installed at my home?
For most homes it is suitable. You can do a quick check now to see if your house is suited.
See how it works and the benefits.