A key question for home owners considering the installation of solar panels is how long it will take to see a return on their investment (the point when solar panels start to make a profit). The Feed-in Tarrifs scheme (FITs) allows most home owners to make money from the electricity that they generate (whether it is exported or used).
Calculating potential earnings from domestic solar panels is dependant on numerous factors; the pitch and angle of the roof, the type of solar panels, the weather, shading caused by trees or buildings, and the FITs payment payment rates at the time of the install.
Solar panel feed-in Tarrifs scheme for home owners
On April 1st 2012 the government made a slight change to the feed-in tariffs policy stating that homes have to reach a D grade energy performance certificate (EPC) to qualify for the full tariff. Most properties tend to reach this anyway (especially new builds), but if not measures such as additional loft insulation and energy-efficient boilers can all contribute to raising the grade up to a D.
A solar PV system counts as 1 point, which if you are sitting at E band, will be enough to take you up to a D band (as long as the EPC is carried out after the system is installed). Generally an EPC should be carried out before the system is installed to ensure it is going to reach a D band.
You can view the latest Feed-In Tariff payment rates for home owners (PDF) to get an idea of how much you could earn from installing PV solar panels on your home.
How much can I make from solar PV installed on my house?
Contact us to arrange a free site survey and a no obligation quote for a more detailed estimate of potential earnings from solar PV.
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