Need some advice? - 01293 821 345 - consult@iso.co.uk

Predicting the energy market is a tricky game. One thing we can count on though is that electricity prices are likely to rise.

Despite the current low price of oil, wholesale energy prices are rising and this feeds directly into the cost of electricity and gas for UK domestic and business customers. Major suppliers such as EDF are announcing more price rises this year having bumped their prices up by 8.4% in March and by another 9% in June.

This news will of course be of less concern to those already using - and considering using - solar energy. The more expensive grid electricity gets, the more cost-effective and affordable solar power becomes. With every increase in grid electricity price the solar pay-back period becomes shorter, giving end users a better return on investment.

Solar PV is the ideal way to generate free, clean energy in your home or business.

Although the Feed-in Tariff rates (the money you receive for generating electricity) have fallen dramatically over the last two years the return on investment can still be around the seven year mark.

Of course once solar is installed, the subsidy is locked-in and increases with general inflation (RPI). The return then lasts for 20 years from the day of commissioning.

By installing a solar panels you are adding an element of control and protection against much greater increases in mains electricity prices.

The thought process behind investing in a Solar System now has to be driven by what you are saving rather than what money you are making from feed-in tariffs.

If you are considering installing solar panels, please contact us and we will help you specify the right system for you.

0
0
0
s2smodern

RECC      TSI     MCS Logo    5 1 small       GSHPA   Trustmark

Copyright © isoenergy 2023