Posts Tagged ‘electricity costs rise’
Solar Panels Have Become More Affordable
The British Photovoltaic Association (BPVA), Micropower Council (MPC), Renewable Energy Association (REA) and Solar Trade Association (STA) have joined forces to re-state the financial benefits of solar photovoltaics in the UK in the wake of the cut to feed-in tariffs (FITs).
Huge Solar Panel take-up
Following a period of confusion with the UK government halving the rate of FITs for domestic installations of less than <4 kW from 43.3p/kW to just 21p/kW customers have not been made aware of the falling costs of installing solar panels. With over 250,000 domestic solar power systems having been installed since the Feed In Tariff (FIT) just over two years ago a total of 1.3 GW of capacity has been installed.
April’s fall in Demand
The latest figures from April shows demand is now stagnating despite the fact that the FIT still offers a return of between 8%-10% for homeowners, which is tax-free, index-linked and guaranteed for 25 years.
Huge Fall in Installation Costs
The solar industry associations highlight the dramatic falling costs of installing solar panels, a typical 4 kW system now costs around £9,000 as opposed to £15,000 less than six months ago in the UK, making photovoltaics one of the best investments you can make. Installing solar panels also protects homeowners from rising energy bills, while contributing to the drive towards a low-carbon economy and the country’s energy security.
“With gas and electricity prices on the rise yet again, returns for today’s investors in solar power are likely to be better than expected,” says the REA’s chief executive Gaynor Hartnell. “By the end of this decade, solar energy costs are expected to fall to the point where it costs the same to generate your own power as it does to buy it from the grid.”
“The cost of installing solar panels has collapsed, meaning that return on investment of 10% is very achievable as we are able to source high quality panels for so much less” says Dean Bliss MD of Absolute Solar. “A typical 4kw Absolute solar system starts from only £8,500 and with our Rent-a-Roof scheme customers can even receive FREE electricity from solar panels on their roof, see our link: Absolute Solar rent-a-roof scheme
For further information on the solar industry please see these links:
www.bpva.org.uk
www.micropower.co.uk
www.r-e-a.net
www.solar-trade.org.uk
Npower make it 5 out of 6 raising utility prices
npower’s 6.5 million customers join the millions of Britons facing higher energy bills after npower became the fifth of the “big six” providers to raise gas and electricity prices.
This will mean an average energy bill up by £134 to £1,188 a year for npower’s 6.5 million UK customers.
Npower follows Scottish Power, British Gas, Scottish & Southern Energy and E.ON in announcing price hikes, blaming wholesale price increases. Only EDF of the big six, who provide 99% of the UK energy system have not raised its prices.
Average tariff increases have been between 10% and 19% on gas and electricity.
Solar Panels Cut Costs
Cut your costs by installing solar panels for both electicity and thermal and you could save and make money by going green. There’s never been a better time to get a non obligation quote from Absolute Solar, the award winning solar power installer, to see what you could save, click here or call 0800 954 6134.
- Davey: Climate change policies could halve negative impacts of energy price shocks May 18, 2012The negative impact that spikes in global oil, gas and coal prices have on the UK could be reduced by over 50% in 2050 as a result of climate change policies, Edward Davey said today. The analysis, produced by Oxford Economics and commissioned by Government, shows how the UK’s sensitivity to oil and gas price shocks could be reduced by using low-carbon forms […]
