Eon SolarSaver Solar Panels Installation Service
If you are thinking of having solar panels added to your home to generate electricity then one of the energy companies can do this for you.
The new solarsaver product from Eon energy group not only helps you produce your own electricity from the sun but also take advantage of the new government feed in tariffs where you get paid for the energy you produce and have the option of selling the electric you don’t use back to the national grid. And the government will pay you for both of these.
At a glance the actual pay back is not such an investment where you make much money on the intial cash you put down because the costs of installing solar panels is so large, but if you have decided to go down the Solar photovoltaic (PV) route and want to generate your own electricity from the sun then the new Eon SolarSaver product could be something to investigate.
How does Eon Solar Saver work ?
Eon will supply and fit you with solar panels on your home and install a smart meter that automatically reads the electricity you are producing and using and sends that data back to them (so you’ll never have to take a meter reading again). The panels are estimated to last around 25 years and Eon believe that you should get your upfront investment costs paid back after around 12 years based on average consumption figures and current feed in tariff numbers.
The figures are based on a 2.1kw sharp solar photovoltaic system, with an average annual output of 1,588kWh, performing at 90% at year 10, and 85% at year 25. Year one output is projected at 1,750kWh (based on industry-standard SAP calculations). Assumes FiT subsidy at 41.3p/kWh and electricity supply cost of 10.086p/kWh, with both increasing in line with inflation. Inflation is assumed at 2% over the 25 years. Excludes cost of any inverter replacements needed over the lifespan of the system, which may cost around £1,000 (if outside of manufacturer’s warranty).
Assumes a south facing roof with 30opitch in Sheffield (average UK weather conditions). Households are assumed to use Ofgem average annual amounts of electricity (3,300kWh), consuming 50% of the electricity generated from the system and exporting the remaining 50%. Assumes network voltage remains within standard tolerances. No discount is applied for the time value of money
How do feed in tariffs work ?
The feed in tariff system introduced in April (also know as the clean energy cashback) is a system the government initiated to incentivise people to generate their own renewable energy sources. The payments you receive are also currently free of any tax.
You get paid for the amount of electricity you product no matter if you use that or export it back to the national grid (which is set up automatically under this scheme). You’ll also get an additional payment for the electricity you do send back to the national grid that you don’t use yourself. The current feed in tariffs rate are published by the government and are set for a specific lifetime. You may also be interested in the free eonenergyfit energy monitor which allows you to monitor your electricity usage in your home today.
So if you are thinking of installing solar panels then check out the Eon solarsaver option to see if their costs are right for you.