04.02.2013

12 Myths about Solar Photovoltaic's

Craig Jones, Energy Gain UK Ltd Cost Reduction Consultant

12 Myths about Solar Photovoltaic's

Government Grants have stopped False – The Feed in Tariff payments are guaranteed for 20 years. The average return on investment is between £15-20k in the North West on a domestic system. Solar panels only work in bright sunshine/summer False. Only daylight is required. Solar panels generate electricity from daylight, so they also work when it's overcast, raining and during all months of the year. In fact, they work at their peak when cool! The average household electricity consumption is 3300KWh per year, a 4KWp Solar PV System will produce as much as 3400KWh per year My money is safer in a bank or building Society False - Most savings accounts offer you between 2.3% - 4% An average 4KWp Solar PV system returns between 7%-10% Your solar panels have to face south False. East or West facing panels are slightly less productive, but only by about 15-20%. It takes 20-30 years to get your money back from solar panel False. Advances in technology and the Feed-in Tariffs have greatly reduced 'pay back' time. The average payback term is 5-7 years. Solar PV Costs the Earth False. Advances in manufacturing technology have resulted in lower sales prices. Ave Domestic Sale Price £8k ROI £20k (no outlay with EG Solar Loan) Ave Commercial Sale Price £60k ROI £375k Solar panels lose efficiency quickly False. Most panels are guaranteed for 25 years to operate at 80% of their original efficiency. Solar Modules will continue to work well over 50 years Solar loans are only available to people with a good credit rating False. Energy Gain offers unsecured loans to domestic homeowners with varying credit ratings. I only have a low electricity bill, I have no need for sustainable technologies False. The UK’s average price per KW is £15.32p one of the lowest in Europe. The average price in Europe is 21.06p. As the UK produces very little energy, supply and demand shows that the energy prices are only going to go up (18% last year). A sustainable system protects you against rising energy costs as you produce your own energy. If I utilise a Solar Loan, I will not own the system? False. You will own the full system and you will receive all the government grants and energy savings direct to your bank. The solar loan is also unsecured, so you do not need to offer personal guarantees etc. I need planning permission? False. Only if you are living in a conservation area or area of natural beauty. My time is too precious to have a solar system installed False. Energy Gain UK has a limited amount of finance available to fund solar systems. We will provide you a no obligation quotation and survey free of charge. But please act fast as this time is running out. Energy Gain have no offers to entice me to install a system. False. As Energy Gain needs to meet their financial targets they will also offer you: FREE Energy Performance Assessment and Certificate FREE Energy Efficient Kettle FREE Energy Monitor linked to your Smart Phone FREE Scaffolding
Craig Jones Energy Gain UK Ltd Cost Reduction Consultant

Energy based consultancy and installation service with a passion for cost reduction through sustainable technologies, serving the: domestic, commercial and public sectors.

Follow us for more articles and posts direct from professionals on      
  Report
Property

Understanding the Importance and Types of Emergency...

Why Do We Need Emergency Lighting? Emergency lighting plays a critical role in ensuring life safety first in any…
Employment & HR

Labour’s new Employment Rights Bill: challenges employers...

The introduction of Labour’s Employment Rights Bill on 10th October 2024 has created a significant shift in how…

More Articles

Business Management

The Value of a Sustainability Strategy in the Tender Process

In today’s competitive landscape, businesses face increasing pressure to demonstrate their commitment to…
Business Management

Unlocking the Power of Raw Financial Data

At Master of Coin Consulting, we offer independent strategic finance advice to help micro to medium-sized businesses…

Would you like to promote an article ?

Post articles and opinions on Professionals UK to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.