Smart Solar Plan - How it works and why.

• You can receive a payment (tariff) from your electricity company of up to 21.0p per kWh of energy generated, whether you use it in your house or not. You can also use the energy for free.
• The tariff is non-taxable and will increase in line with inflation (RPI).
• It applies for 25 years from the date of system installation. So for 25 years you will get paid for the electricity you generate.
• Overall you can expect around a 6-11% return on your investment. That means that if you invested £11000 in solar panels you'd be approximately £1200 better off per year. If you have money in the bank, you'll be lucky to get 1% on it at the moment.

Reasons to go Smart Solar with McCaig Renewables:

• Earn up to 21.0p per kWh for the next 25 years, just for generating electricity - tax free!
• Use the energy you generate for FREE- if you are currently paying 15p per kWh for your electricity the value of the electricity you use from your system is 36p per kWh.
• Sell any energy you don't use back to the grid. The extra energy you produce can be sold back to the grid for 3.1p per kWh, making each kWh generated worth 24.1p to you.
• Do your bit for the environment. We need to reduce our carbon footprint by roughly 40% by 2020. Renewable technologies are fundamental to this reduction.
• Feel good! You're making a better world for your children and grandchildren.

Guaranteed for 25 years - by the UK Government...

Once you sign up to generate your own energy, you lock in to the feed in tariff of 21.0p (index linked) for 25 years. So for the next 25 years - that's until 2035 - you will get paid 21.0p for every kWh you generate.
...and it's Tax free and Inflation proof

You pay no tax on the money you earn. If you're a 40% rate tax payer, £1200 earned from solar panels is worth £480 more than the same amount earned from interest on cash deposits.

So if you are comparing the income from the tariffs with that from another taxable investment you should look at the 'post-tax' income from the taxable investment. Both the generation tariff and the export tariff are index-linked to the Retail Price Index (RPI) so that they rise with inflation. The value of the energy used is also likely to increase as electricity prices rise. This means that your income will increase over the life of the scheme.

What income can I expect?

Installing a solar PV system gives three financial benefits:

First of all, PV system owners are entitled to a 'generation tariff' for each kWh produced whether it is used or sold back to the grid. For small systems installed on existing roofs ('retrofit') this tariff is currently 21.0p per kWh. The amount of energy generated is measured by a 'generation meter' installed with the PV system. Tariffs vary with installation size as follows:

Secondly there is the amount saved on the household electricity bill. With electricity prices running at around 15p per unit and set to rise this is a significant amount.

Finally any electricity which you generate and don't use gets sold back to the grid. You get paid an 'export tariff' which is a minimum of 3.1p per kWh. Note that it pays to use as much energy as you can - you are saving yourself around 13p a unit if you use it, compared to 3.1p if you export it. So put the washing on when the sun shines!

What will it cost me?

Here’s the best bit in partnership with Hitachi Finance , McCaig Renewables are launching our unique Smart Solar Plan in early 2012.

Using Hitachi to finance the cost of purchase of the system and the FIT payments to pay for it your system will be completely independent and producing 100% income to you after 7 years! And remember your electricity costs will reduce dramatically!

Smart Solar from McCaig Renewables- A smarter way for Solar today!

Share this

Latest News…

Subscribe to our newsletter…