Our 22 panel 3.96 KWp PV system was commissioned on the 20th
April 2010 and at the time of writing has been generating
electricity for a little over 6 months, through a beautiful summer
and a reasonably sunny autumn. We are delighted with the
performance so far. The output has exceeded our expectations.
Already 3000KWh of electricity has been produced against a
forecasted annual production of 3200KWh. Our best week's
output was 174 units in the last week of May, whilst our lowest
week was 65 units during the last week of August. We are
exporting close to 80% of our production even though we are at home
most days and have changed our habits to use our electrical
appliances during the day wherever possible.
We have received one Feed-in Tariff payment so far, and another
is due in November. To get the FIT payment we had to register
our system with an electricity supplier, in our case Ecotricity. We
had to provide Ecotricity with our MCS Installer Certificate
which proved that both our installer and the solar panels
were approved by the Government. Then Ecotricity registered us
with Ofgem, the electricity industry regulator and provider of
tariff payments. This paperwork only took about a month to come
through and was very simple to do.
In an earlier part of this case study we looked at the
theoretical economics of installing PV. Now we have some firm
data ! Up to the 29th September we generated 2576 units and
exported 2033 of them. This will have produced an income of
£1064 from the generation tariff and £61 from the export tariff, a
total of £1125. We have also used 543 units of our electricity
which would have cost us £67 on an electricity bill. So the
total benefit to date is £1192. Our system cost`£16000, so we
have seen a 7.5% annual return based on less than 6 months
performance. You can't equal that in any bank or building society
account.
Our recommendation if you are thinking of having PV installed is
to go ahead as quickly as possible and start to reap the
benefits. The Government has confirmed in the spending review that
the FIT scheme will continue as planned and they will not look
at it again until 2013, which is what was originally planned at the
outset. The schemes where you rent your roof to a company and have panels
fitted for free do not seem to us, and independent advisors
like the Consumer Association, to be good value, so if you can
afford the investment or can get a low interest loan, have
panels installed yourself.