What is Solar PV?
Solar PV (which is short for PhotoVoltaic), is an electricity generating system consisting of flat panels mounted onto a preferably south facing roof, which transforms the sun’s energy into electricity. This generated electricity is fed into your existing household supply via a meter to measure how much is being generated. Listed below are the three ways in which you receive financial benefit :-
- The Government pays you a set amount for each kW/h that you generate. This set amount is called the ‘Feed-in-Tariff’ (FiT).
- Your energy supplier also pays you for the electricity that you have generated but not used, this is currently set at 50% of what you generate.
- The real potential comes from you having generated some of your own electricity (with the solar panels), so you don’t need to buy so much electricity from your supplier!
A lot of people seem to think that the day of financially attractive Solar PV investment is over, but with the increase in system performance, due to technological advances and the reduction in installation cost, Solar PV is still a very good proposition.
One of the ways to make the most of Solar PV is to ensure that you are using all of the electricity that you are generating and there are many ways to make sure that happens with the technology available today.
Contact us today for advice or to arrange a survey and free quote.