Costs and savings

An average domestic system (2.5kWp/10 Modules) costs around £6,000 (including VAT at 5%). As already mentioned, if you’re lucky enough to have the money burning a hole in your pocket, then under the FiT scheme, investing in a solar system is guaranteed to give you a far greater return then any bank.

The two payment options are:
1. Buying out right
2. Alternative finance options + *social loans

These figures are assuming that 50% of electricity generated is exported. The figure will vary depending on the amount of electricity you use). We would also re-iterate that the greatest savings can be achieved by not only producing your own electricity, but by actively trying reduce your own energy consumption through unnecessary wastage.

It’s worth spending time researching about ‘social lending’ – the human way of getting a low cost loan. Rather than making the fat cats fatter you pay interest to real people. Zopa is one example.

Pay As You Save green loans schemes, with repayments linked to the savings made by the property, are to be introduced later this year. But waiting for this legislation to finance your Solar PV installation may not be wise as the FiT scheme is due to be reviewed in 2012.


If this alone hasn’t tempted you to go solar, then we should also mention that the UK Government has guaranteed the FiT scheme for 20 years, meaning that until 2033 you will receive a guaranteed income for for every kWh you generate.

Tax free and inflation protected

You will not be asked to pay any tax on money you earn through energy generation, and because both the generation tariff and the export tariff are index-linked to the Retail Price Index (RPI) it means they rise with inflation. Therefore, as electricity prices rise,so too will your income.

    Why invest now?

    The FiT subsidy has been successful in kickstarting a surge in the renewable energy industry resulting in reduced product and installation costs. The Government has now embarked upon a programme of gradual reduction in state support.

    Install your system now and you could benefit from approximately 9% return on your initial outlay. Guaranteed tax free index linked for 25 years.

Energy savings checklist

The majority of people could vastly reduce their electricity bills, by simply implementing a few measures. If you are considering generating your own energy through Solar PV panels and utilizing the feed in tariff benefits, you will need to ensure your home meets a minimum efficiency standard of Level D. Athena Electrical can help you achieve this by arranging for an Energy Performance Assessor to measure how well your home conserves energy. We will be able to suggest energy saving tips to lower your fuel consumption and improve your home’s energy performance rating. Or follow the link to the Energy Savings Trust Home Energy Check.

Designed for homes and small businesses

The system of feed-in tariffs was first launched in April 2010 by the previous Labour government. These tariffs are the cash subsidies given to people who generate electricity by putting solar panels or wind turbines on their homes. However large scale solar installations (such as solar power farms) weren’t anticipated and now threaten to use up too much of the money set aside to fund the system. By keeping our service small and local, we are focused on helping as many North London homes and small businesses as Fill out the quote form and get the ball rolling possible use this available cash for the purpose that it was intended.

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