Lifetime Financial Benefits

Financial rewards from solar PV systems

Through the government’s Feed-in Tariff, installing a typical 2.5 kilowatt-peak (kWp) solar electric system in your existing home will provide four distinct financial rewards:

  • Your energy supplier will pay you for each unit of solar electricity you produce. This payment will increase in line with inflation and is guaranteed for the next 20 years.
  • You’ll also get an additional income per kWh for every unit of solar electricity you don’t use and export back to the grid.
  • You’ll save between 9 and 12 pence per kWh on your electricity bill, depending on the rates you currently pay.
  • The tax-free payments make solar panel installations a particularly rewarding investment for high-rate taxpayers.

If you’re looking to install solar electricity in a new-build, these rates are slightly lower. For more information about the Feed-in Tariff, please download OFGEM’s Feed-in Tariff fact sheet.

Savings and income from solar PV installations

The majority of the income you could earn is based on the Feed-in Tariff, this is a government endorsed scheme which has been guaranteed for 20 years. A combination of the constantly changing feed-in tariff and the uniqueness of each installation it is not possible to quote direct income figures.

Before installation we strongly recommend you have an Energy Performance Certificate (EPC) carried out, we can arrange this for you with a specialist who will bill you directly and should cost between £50-£70. This will be a requirement for you to get the Feed-in Tariff.

We are more than happy to do a rough assessment over the phone or if you would like an exact figure we are also more than happy to complete a free no obligation assessment of your home and deliver a quote for the solar panels to be installed.

Alternatively you could try yourself by using the Energy Saving Trust Calculator to calculate your possible income.

If this interests you please call our office on:

01858 43 33 33

or email us at: info@lewington-heating.co.uk 

Find out more about solar PV installations

Lewington Solar Installation specialises in solar PV installations in the Market Harborough, Leicestershire and Northamptonshire areas. We are MCS accredited solar installers and also do solar PV installations across various other locations in the Midlands region, including Foxton, Kibworth, Lubenham, Uppingham, Oakham, Oakham, Uppingham, Oakham, Rutland, Northamptonshire and surrounding areas.

Other Parts to Solar PV

– Introduction to Solar PV

– Solar PV Panels for Your Home

– Cost of Solar PV

To find out if a PV solar panel installation would be suitable for your home, or arrange a free no obligation consultation and quote, please contact Lewington Solar Installation on 01858 433 333 or email info@lewington-solar.co.uk