GREEN IS GOOD BUT CASH IS BETTER!
Solar Photovoltaic Thermal returns are 5 times higher than Bank deposits
Thinking about installing a new Solar Photovoltaic Thermal (PVT) System? Take a look at the numbers for a typical 10 panel system facing south at 30 degrees (using 190 watt PVT panels)
A normal PV (Photovoltaic) system could make 1,630kWh a year (using the Government’s SAP calculator). Using Solar Photovoltaic Thermal panels (the panels are cooled and so produce more electricity) that rises to an estimated 1,900kWh a year
If you could use all the electricity you generate then you could save (at 14p/kWh) £270 a year off your electricity bill
As well as cooling the panels Photovoltaic Thermal also makes hot water. Our system converts that to a permanent supply of hot water throughout the year, no more gas bills.
Attach it to a Low Temperature Heating System which uses about 30% less energy you could save another £260 a year in heating and hot water costs
That is a saving of £530 a year TAX FREE, an amount likely to increase each year as gas and electricity prices rise.
It will also knock about 50% off your CO2 footprint
The Feed in Tariff is here, at post August 1st rates generating 1,900kWh a year would earn you £440 a year TAX FREE from your utility company.
The Green Deal and Renewable Heat Incentive (RHI) are not yet available but likely to earn around the same when they are introduced
Earnings could be as high as £880 a year TAX FREE.
If you would like to calculate returns for your home have a look at http://levhub.blogspot.co.uk/2012/06/how-to-calculate-your-earnings-from-pv.html
WHAT SHOULD IT COST
To achieve an income of (£880 + £440) £1,320 a year after tax you would need to earn (at 40%) £2,200.
Assuming you could achieve 2.5% interest you would have to deposit £88,000 in the bank
Installing PVT (Photovoltaic Thermal) will cost less than 1/5th of this amount
For your own personalised quote please contact me on 01268 415 447 or email Charles@usethesun.co.uk
GREEN IS GOOD BUT CASH TALKS LOUDER – SOLAR PHOTOVOLTAIC THERMAL (PVT) MAKES SENSE