Saturday 20 June 2009

PV solar panels for the credit crunch

Solar4U has launched a new line in Photovoltaic’s for domestic use. A credit crunch domestic PV solar panels system has been developed specifically to make financial sense for most homeowners.

Solar4U’s 1.0 kilowatt grid-connected photovoltaic (PV Solar Panels) system has been designed to take full advantage of current Government solar grants for installing solar technologies. It is also set to reap the benefits of increased feed-in tariffs and subsidies, due to come into effect next year.

Stuart Lovatt, Director of Solar4U, explained: “Many people look to solar panels or micro generation with some sense of environmental consciousness, there is also a compelling financial argument. What we are finding now, is people are becoming aware of the UK’s and global energy problems and are purchasing for this reason not environmental reasons, as was the case in the past.

Currently there is a unique window of opportunity for Britain’s homeowners and those who take advantage before 2010 will have the double benefit of receiving solar grant money as well as almost certainly benefiting from the generous feed-in tariffs which will be introduced from April 2010.”

The new system has been created to attract a near-maximum Government grant of £2,500, as well as to require no planning permission assuming certain basic criteria are met such as basic energy efficiency measures like loft insulation, low energy light bulbs used and cavity walls insulated.

On average, it will generate 1000kWh per year, about a third of the typical UK annual domestic usage. Energy is fed into the property’s electrical network to meet its power requirements when necessary, but when there is little or no demand in your home, the system automatically exports the excess power to the National Grid for which you will be credited annually.

Additional income can also be generated by selling (ROCs) Renewable Obligation Certificates to energy companies that are required by law to generate a percentage of their energy from sustainable sources.

Source - Heat my home

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