Solar electricity systems use energy from the sun and convert this into electricity, which can then be used in the home with the excess exported to the National Grid.
Under the new Feed-in Tariff (FiT) scheme, your energy supplier pays you for every unit of electricity your solar panel system generates, whether you use it in your home or export it to the National Grid.
Even better, you can keep the electricity you generate to use in your home, which could save you an additional £210* in the system´s first year alone!
PLUS as the FiT is index-linked your investment in this green renewable energy technology will always track the rate of inflation.
See how much you can earn and save with a Tesco solar electricity system:
Example solar electricity pack sizes, savings and earnings |
|||||
| System Size (kWp) |
FiT Generation^ |
|
Savings* | Total Income & Savings Year 1 | Tesco system price** |
| 1.41 | £254 | £18 | £78 | £351 | £5,999 |
| 2.35 | £423 | £31 | £131 | £586 | £7,249 |
| 3.76 | £678 | £50 | £210 | £938 | £8,499 |
Please note that all prices quoted are for guidelines only and should not be relied upon and are inclusive of VAT.
- Export Figures based on 50% of the total output being exported to the National Grid.
- Savings are basedf on 50% of the total output being used in the home.
- Source: SAP2009 v9.90, the Standard Assessment Procedure used by government, designed by the Building Research Establishment. SAP solar irradiance values are based on measurements taken in Northern England (e.g. Sheffield). If you live south of this you could expect higher returns.
- Prices of electricity used in this example are 13p/kWh.
- Under the rules no export meter is required, so customers are deemed to use and export 50% respectively of electricity they generate in our examples. However, the system will be read by an electricity company at some stage to make corrections.
- RPI is set at 2.5% and raise both tariff rates year on year only.
- The electricity price rises are set at 5% per year for 25 years. This is why profits are higher than simply multiplying 25 years by the total income per year. CO2 equivalent figures are over 25 years based on Energy Conversion Factors from DEFRA 2009.
- These figures are for guidelines only and should not be relied upon.
**Subject to assessment and additional works required.