New solar panels designed to combat credit crunch

by GreenWire.org.uk. Published Sat 20 Jun 2009 00:39
The new Smart Solar panels are designed for easy domestic installation
The new Smart Solar panels are designed for easy domestic installation

A new domestic solar generator system has been launched this month, developed specifically to make financial as well as environmental sense for homeowners.

Smart Solar’s 1.2 kilowatt grid-connected photovoltaic system has been designed to take full advantage of current Government incentives for installing green technologies. It is also set to reap the benefits of increased feed-in tariffs due to come into effect next year.

Jonathan Stobart, Managing Director of Smart Solar, explained: “Whilst many people look to solar microgeneration with some sense of environmental consciousness, there is also a compelling financial argument. Currently there is a unique window of opportunity for Britain’s homeowners and those who take advantage before 2010 will have the double benefit of receiving capital grant money as well as almost certainly benefiting from the generous feed-in tariffs which will be introduced from April 2010.”

The new system has been created to attract a near-maximum Government grant of £2,400, as well as to require no planning permission assuming certain basic criteria are met.

On average, it will generate 1000kWh per year, about a fifth of the typical UK annual domestic usage. Energy is fed into the property’s electrical network to meet its power requirements when necessary, but when there is little or no demand the system exports the excess. Thus homeowners can accelerate the payback period of the system by selling surplus energy on to an electricity provider through a green meter.

Additional income can also be generated by selling Renewable Obligation Certificates (ROCs) to energy companies that are required by law to generate a percentage of their energy from sustainable sources.





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Comments about New solar panels designed to combat credit crunch

Great to see solar PV being promoted, the FIT's will be great for owners and the industry. Most domestic installations we install are 2.5kwp
Eco Environments Ltd, Liverpool around 2 years, 7 months ago


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