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 make a significant difference to your annual electricity bill.
PLUS as the FiT is index-linked your investment in this green renewable energy technology will always track the rate of inflation.
For more information read our guide to the Feed-in Tariff.
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)
||Savings†||Total Income & Savings Year 1||Tesco system price**|
Please note that all prices quoted are for guidelines only and should not be relied upon and are inclusive of VAT.
*The performance of solar electricity systems is impossible to predict with certainty due to the variability in the amount of solar radiation (sunlight) from location to location and from year to year. This estimate is based on the Standard MCS Procedure and is given as guidance only. It should not be considered as a guarantee of performance. The Standard MCS Procedure uses data drawn from the European Commission’s, Joint Research Centre ‘Climate-SAF-PVGIS’ datasets, but weighted towards the centre of population of each of the Standard Assessment Procedure (SAP2012) zones. These zones are used to include regional variation because latitude and local long-term weather patterns have an impact on solar irradiance reaching the array.
^Estimated annual payments available from 01 November 2012 are based on earnings from the proposed Feed-in Tariff rates at 15.44p/kWh, an export tariff of 4.64p and an EPC rating of ‘D’ or higher. The proposed FiT rate if you do not have an EPC at level D or above is 7.1p. These calculations are subject to alterations due to changes made to the Feed-in Tariff by the Department of Energy & Climate Change (www.decc.gov.uk).
†Estimated electricity bill saving is calculated as 50% of system output @ 15.32p/kWh, based on our estimate of average electricity prices and information from the Department of Energy & Climate Change (www.decc.gov.uk).
**Subject to assessment.