Solar panels that pay for themselves

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Solar Panels That Pay For Themselves

  • Generation Tariff
    This is the guaranteed payment that you will receive for the all the electricity produced by the solar panels on your roof. It is currently 43.3p per kWh and is linked to inflation and is tax free.

  • Export Tariff
    This means that you can sell any unused electricity to the National Grid for a fixed payment of 3p per kWh.

  • Savings
    As you will be producing your own electricity you will not need to pay your electricity company so you will be saving money.

The Generation tariff payment is index linked and based on calculations by the Energy Saving Trust's Cashback Calculator. Meaning your tariff payments will grow alongside inflation.

 

Technical Information - How do solar panels work?

Solar PV Diagram

Solar panel systems capture and absorb the sun's energy using photovoltaic (PV) cells. These cells convert the light energy into electricity, which can then be used to power household electrical appliances. Naturally, the time of day and amount of light are important factors in the amount of energy produced. Germany is the world leader in renewable energy resources and has a climate fairly similar to ours, which proves that the UK’s level of sunlight can still generate enormous amounts of energy.

Once energy hits the panels, it is then converted and fed through the system as energy. The inverter is responsible for converting the DC current into a mains voltage AC current. The mains voltage then moves into the main household fuse and distribution board via the ‘generation meter’. The generation meter is the mechanism which records the amount of electricity produced by solar energy, this is passed onto the energy supplier to determine the subsidy for Feed-in Tariff (FIT).

The energy can be used to power the use of all your household appliances. Or alternatively, be fed back into the energy grid via a two way meter which keeps track of the energy produced.


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