Solar Is One Of The Best Ways To Permanently Reduce Your Electricity Bill
Your FAQ'S Answered
Can I Really Save As Much As £50% On My Bill ?
Absolutely ... but it all depends on how your business is run day to day and making sure that you are in a position to use the free electricity from your solar panels at the time it is generated. For example, If you are a bar or restaurant where most of your electricity useage is evening and nightime, then you will not benefit as much as a business running machinery all day every day.
How Do I Actually Save Money On My Electricity Bill ?
The biggest saving you can make is to reduce the amount of electricity you need to buy from your current energy provider. As an example, if your solar panels generated 25,000 kilowatts of electricity over the year and you were able to use all of that in your business, then you don't need to buy this from your energy provider. If you are paying say £0.14 per kilowatt for your electricity, you have saved yourself £3500.
You are then entitled to register with the Government Endorsed Feed In Tariff Scheme. You will receive a payment from your energy provider which is based solely on the amount of electricity your solar panels have produced, regardless of whether you've used the electricity or not.
In addition to the Feed In Tariff Scheme, there is also an "Export Tariff" which you may be eligible for. This works by taking 50% of what you have generated in electricity over the year, and your energy provider will make a payment to you based on this figure. It doesn't matter whether you have actually exported 50% of the electricity back to the national grid - even if you haven't you'll receive a payment based on if you had. However qualification for this payment is dependent on the size of system which is installed.
Are Solar Panels Still A Good Investment ?
In our opinion, installing solar panels can be one of the best investments around. It is completely RISK FREE in that you will reduce your electricity spending, and the payments for the Feed In and Export Tariffs are guaranteed by the Government for 20 years. The biggest benefits come to those businesses who have money in the bank which may be earning them at best 2-3% in a savings account. We have found that businesses can get a return on their investment of 14% at the top end and 7-8% at the low end. Should electricity prices continue to rise, then these figures only get better.
Is My Business Suitable For Solar Panels
We find that most business premises are suitable, so long as there is sufficient roof space and the roof is capable of supporting solar panels.
Does It Matter Which Way My Roof Is Facing ?
A solar installation on a south facing roof will produce the optimum amount of electricity. However there is absolutely no reason why you cannot install solar on either an East or West facing roof. We have found that the amount of electricity generated on these roofs still provides a very healthy electricity saving for the business. We would not ordinarily recommend installing solar panels on a North facing roof.
"Energy regulator Ofgem has said Npower must "justify" to its customers why it is introducing one of the largest energy price rises for years. The company will raise standard tariff electricity prices by 15% from 16 March 2017. The rise in electricity prices is thought to be the largest since 2008"
Scottish Power announces sharp rise in energy prices
"The company will raise standard tariff electricity prices by 10.8% from 31 March 2017. Scottish Power's UK retail director, Colin McNeill, said: "This increase will apply to one in three of our customers"
Price rises announced by Big Six energy companies, compared to selected annual changes in Ofgem Supplier Cost Index. British Gas not included as prices frozen until August.
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"There Has Never Been A Better Time To Use Solar Panels In Your Business"