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    A Shade Greener - Free Solar Panels

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    mikki

    Join date : 2009-01-29
    Age : 25
    Location : West Yorkshire

    A Shade Greener - Free Solar Panels

    Post  mikki on Sat Jul 30, 2011 10:08 am

    If your interested in solar panelling - Check this out. http://www.ashadegreener.co.uk/
    Providers of FREE Solar Panels

    aveburyantiquarian

    Join date : 2011-07-04

    Re: A Shade Greener - Free Solar Panels

    Post  aveburyantiquarian on Tue Aug 02, 2011 5:19 pm

    Quoted from elsewhere -

    Hello,

    I'm Nick, a Renewable energy advisor for Eco Infinity Ltd, and I'll explain why the free solar panel offers are set-up to con you out of your money.

    The reason why companies are offering free solar panels is because it is free money for them that was originally intended to go to you, plus depending on the small print in your contract, by owning the rights to your roof it is very possible that they would be free to make further alterations to your roof without further permission required:

    Allow me to explain..

    You have undoubtedly already heard about the Government backed initiative called the Feed-in tariff. So first off, why does it exist? It has been introduced, because less than 2% of all UK households generate their own electricity, and part of the Kyoto-Agreement contract that the Government signed states that 15% of all UK homes must generate renewable energy by the year 2020, otherwise the country has to pay a very expensive fine. If the tax-payer has to foot the bill, then it is likely that the Government will lose favour with the general public, and will probably guarantee that they lose in the next election.

    So, what do you get for generating your own electricity? The Feed-in tariff is a 25-year income plan for home-owners that generate their own electricity, and it is paid for via a charge hidden in the electricity bills for people that do not generate their own electricity. When you generate your own electricity, your energy provider pays you three tax-free incomes; one for all the electricity you generate (Generation income), one for the electricity that you use (Savings/Usage income) and another for the electricity that you do not use (Export income). When you join the plan, your rates are fixed to those of the current time and are then index-linked so that they rise over the 25 years (for many home-owners, the Generation income begins at 43.3p per kWh, Savings/Usage income begins at 22.41p per kWh and Export Income begins at 3.1p per kWh).

    As more people get the systems installed, the Government get closer to their 15% target and therefore the scheme is required less and less until it is no longer necessary. That is why the rates of the Feed-in tariff offered to new customers drop over time, and this is why it is better to invest sooner rather than later, and also why businesses such as ourselves are putting most of our effort into Solar PV at the moment.

    How much will you earn, and how much does it cost? A small 1.68kWp system that might be installed typically on the roof of a terraced house would earn you about £28,300 over the 25 years of the plan (£770ish in year one, rising to around £2300+ in year 25 due to inflation).

    In order to get free Solar-panels, the company responsible for the installation will get you to sign your roof over to them for 25 years. So, not only do they have rights over your roof, but they also claim your Generation and Export incomes that are rightfully yours, leaving you with only the Savings income (for an average household, this would be roughly £150 saving in year 1 rising to about £1000 in year 25), which sounds really attractive so far, but what companies haven't told you is how generous the Generation income is (the one they make you sign over to them).

    For that same 1.68kWp system, the Generation income weighs in at around £600 a year in year 1, rising to just over £1200 a year by year 25. The Generation income is based on how much electricity is generated, regardless of whether you use it yourself or export it back to the grid, so you don't even have to use the electricity to benefit from it, and you would have received this on top of your savings if you had paid for the installation yourself.
    You would have also received the Export tariff, which is based on the electricity that you don't use being exported back to the grid for other homes to use. The Export tariff begins at around £20 in year 1, rising to about £40 in year 25. The Export tariff is the smallest of the three incomes to encourage you to use the electricity yourself.

    The cost for an installation of a 1.68kWp system would be just shy of £7,000, which sounds expensive at first, but your bank is very likely to cover the cost of the installation; even if your credit rating is low, because the tax-free incomes are government guaranteed, and so the loan is guaranteed to be repaid. You might either seek to get the loan paid off quick, which would mean that you would wait 8 years before you receive your money, or you might choose to make the loan last the full length of the plan, meaning that you start receiving money straight away, but pay more interest to your bank. Either way, you make far more funding the installation yourself over what you would save by choosing a free solar panel installation. Its also a chance to take out a loan and pay it back, because doing so will improve a poor credit rating more quickly.

    In addition, Paying for it yourself also means that you get to keep the rights over your roof, and you not only get your solar-panels for free, but you end up making a lot of money too.


    Best regards,
    Nick

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