Solar Advanced Systems have been working with Selby Design to provide more sustainable and affordable home extensions with the installation of solar PV
Solar Advanced Systems are familiar with the domestic sector, having installed solar PV for more than 5,000 homes across the UK. More recently, we have been approached by homeowners looking to solar PV as a way to help compensate for the overall build cost of home extension projects.
A typical domestic install of 4kW has a payback of around 8-10 years, with each system installed locked into the Feed-In Tariff for a period of 20 years. Should you decide to incorporate a PV system with your home extension, after 8 years, you’ll be in a position for the system to start financing your initial investment. Even with the current Feed-In Tariff rate, solar PV still continues to represent great value and investment opportunities. In fact, with decreasing hardware, installation, and system costs, rooftop panels yield the same return on investment in percentage terms as they did back in 2010. With prices of installs falling considerably, you’re additional PV cost wouldn’t heavily effect your overall extension price and you would begin to see a healthy return on investment from year one.
And if you have the extra finances to include a PV project, it might not just be the payback that is appealing; many have opted to install renewable energy to help future proof themselves against rising energy costs. With energy firms announcing that utility bills will be rising an average of £142 over the next year, families will be looking at expensive winters in the future. So, with the wholesale price of electricity set to rise dramatically over the course of the 12 months, having guaranteed prices in place for self-generation affords a great deal of financial security.
Whether you’re looking for a way to help offset your building project costs or a way to secure yourself from rising utility expenditure, solar PV projects could be an ideal choice for you. To find out more about the benefits you could stand to gain from incorporating a solar PV project, please contact Solar Advanced Systems on 01732 866731 to speak with one of our solar PV experts.