Household B. Key facts after 15 July 09 capital expenditure £13,400 no grant (Solar PV only, other generators effected)
1. Installations after 15 July 2009 will receive 25 years of FIT at a rate of £0.41.3p. Assuming a system of 2.1 Kwh will be judged to produce 1800 Kwh they will receive £743.40 per year. £743.40 x 25 years = £18,585
2. Any exported electricity is based on £0.03p per unit. Assuming an export of 1330 units @ that rate would give an income of £39.90 x 25 years = £997.50 However, this figure is variable and is weather dependent.
3. The house will use approximately £130.00 a year of solar electricity x 25 = £3,250
4. This gives this household a 25 year income/saving of £22,832.50
Household A will never see a return on their investment but a loss of £5,257.70 Household B will see a return on their investment of £9,432.50
Household A. Key facts pre 15 July 09 capital expenditure £13,400 minus £2,500 for grant = £10,900 (Solar PV only)
1. Installations before 15 July 2009 will receive 17 years of FIT at a rate of £0.09p. Assuming a system of 2.1 Kwh will be judged to produce 1800 Kwh they will receive £162.00 per year. £162.00 x 17 years = £2,754
2. Any exported electricity is based on £0.03p per unit. Assuming an export of 1330 units @ that rate would give an income of £39.90 x 17 years = £678.30 However, this figure is variable and is weather dependent.
3. The house will use approximately £130.00 a year of solar electricity x 17 = £2,210
4. This gives this household a 17 year income/saving of £5642.30
Comparison of
two households