Inflation linked returns of ~ 10%, tax free, for 20 years. Solar PV is reliable, low maintenance and can look as good as this...
"Spirit provides an exceptional service - prompt and accurate responses to all queries, quick installation time, and a very neat and tidy installation on the day."
On-roof, in-roof, full-roof, solar glass and ground-mounted systems, installed by our in-house solar panel installers.
Are Solar Panels Worth It?
The cost of solar electricity is around 9p per kWh without subsidy. If you take into account the Feed-in Tariff subsidy of just under 4p per kWh, the subsidised cost per kWh is as low as 5p!
If you are a homeowner and you intend to stay in your house for a reasonable time (7-10 years +), a solar pv installation makes seriously good sense..
Here are the main reasons hundreds of our residential customers installed domestic solar panels:
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Domestic solar panels usually cost around £1,400-1,500 per kWp installed, depending on roof access costs, roof covering and roof pitch (flat, sloping etc). A 4kWp system will cost anywhere between £5,500 and £6,300 inc VAT.
A kWp typically gives a saving of around £140 per year, so £560 per year for a 4kWp system, giving a payback time of around 10 years. The panels will last 25 years or so (with one inverter replacement expected during this time). The % return over 20 years is usually in the order of 9% (IRR%). This is non-taxable, so compares very favourably to any other investment, especially one that depends only on the sun coming out.
On average over 25 years (taking into account degradation of panels), a kWp will generate between 850kWh and 1000kWh a year. That's around 20,000 kWh over the life. Before maintenance costs the unsubsidised cost per kWh of solar energy is only 7.5p. Now that's something to shout about!
If you then subtract the Feed-in Tariff subsidy, whilst allowing for the fact that not all of the solar will be used on site the cost per kWh falls to around 5p per kWh! The grid cost is 15p+ for the typical homeowner, and rising .... and rising.... and set to rise a little bit more when the coal fired power stations have all been shut down (target date: 2025).
For more detail, see our recent blog.
If you are considering installing solar PV, we strongly recommend you consider battery storage at the same time. Click here for more information.
Note that when battery storage is installed at the same time as solar PV, the 5% VAT rate applying to the solar PV installation will also apply to the battery storage system. Furthermore, there is a saving to be made by purchasing an all-in-one inverter / charger. Overall, savings of over £1,000 can be made by installing battery storage at the same time as solar, rather than retro-fitting storage at a later date.
Why choose Spirit to install your solar panels?
We’re MCS approved solar pv installers – an award winning, specialist company that has installed around 2,000 solar systems, working both for homeowners and in the commercial sector.
We are passionate about solar technology and can help you find the right solution, whether that’s on-grid, off-grid, on-roof or in-roof. We keep abreast of the latest developments in building integrated PV and in battery storage, and all of our systems utilise best-in-class technology, customised to meet the requirements of our clients.
We don’t employ pushy salesmen – just technical people, passionate about energy efficiency - who will provide you with a solar PV installation combining technical excellence and value for money. With systems typically lasting 20 years or more, we are here to support you and your system over the long term.
All projects are managed in house and installed by our solar panel installers. We operate within a 90 mile radius of Reading, Berkshire, a 50 mile radius of Coventry and a 50 mile radius of Telford:
We cover these questions in our knowledge bank and in our 15 Minute Residential Solar Installation Guide. Here are some links:
Residential Solar PV Installation Guide
15 Minutes for everything you need to know about solar PV installations.
Since solar PV qualifies for subsidy (the Feed-in Tariff), it is important that the panels installed meet requisite quality and warranty requirements, and the people installing them offer a high standard of service. The Microgeneration Certification Scheme was set up in 2008 to protect consumers - and provide reassurance to them - by setting such standards and requiring manufacturers and solar PV installers to register for the scheme in order for installations to be eligible for the tariffs. Spirit is inspected every year to ensure that we continue to exceed the required standards.
Call us on 0118 951 4490, request a quote online, or email your plans to firstname.lastname@example.org. We would love to talk about your project; there is no charge for an initial consultation or quote.