"Remuneration for your excess power maximises the return-on-investment over a three-decades.
Questions about PV solar tariffs
Return on investment?
A minimum tax-free return on investment of around 7% with higher rate tariffs. 11-14% when used with battery storage and charging an EV.
Who, when, why?
There are currently approx 900,000 domestic PV adoptions that grew significantly since 2009 with 2 million installations projected by 2024 in the UK alone.
This growth in adoption is down to the rising costs of traditional energy, lower costs in PV products and improved technology.
A new dawn beckons with export tariffs and electric vehicle adoption.
Exciting time ahead.
Grants or other incentives for solar panels?
Generating income and independence from the sun is the incentive.
Historically, grants and incentives in the UK began with the Blue Skies solar grant for solar heating back in 2004.
The Blue Skies grant scheme ended in 2008, to make way for an early feed-in tariff scheme.
The feed-in tariff incentivised the earliest PV solar industry up to 2016. Today, selling power using the Smart Export Guarantee is the incentive for homeowners adopt solar panels.
Will PV produce all my electricity needs?
In most cases, no. However, it can do a substantial portion.
Each case varies depending on your consumption rate, geographical location, roof orientation and the size of the system installed.
Installers can predict output with high-precision nowadays.
What about surplus power?
Surplus power you're not currently using can get redirected to battery storage, hot water heating or charging the car.
After that, it will automatically feed into the National Grid, and you'll get financially rewarded for your contributions via the 'Export Tariff'.
If I don't have suitable a roof?
PV-arrays can also be ground-mounted to allow those without roof space to benefit too. We see this today with a growing number of solar farms.
The combustion engine was the most significant machine developed by humanity, yet for most of its lifespan; lay dormant on the driveway.
When in use, a car varies from 800 to 6,000 RPM and brings its owner a sense of pride (maybe) with practicality spanning a single decade typically.
The same variables occur with photovoltaics. However, the usefulness continues beyond its initial operating time with battery storage.
From the forum.
"We're very content that we decided to install our PV system. It's set to turn our home into a 'zero energy cost' building with profit to boot! Please accept our thanks for your valued assistance in achieving a happy outcome. You must feel free to use this message with any future prospective customers who may have doubts about the value of having solar panels installed."
Mrs. Philips, Bury St Edmunds.