We’re looking into the potential of gathering together groups of Hackney households wishing to install solar photovoltaic panels on their roofs.
The Feed in Tariff, which launched last year, offers a guaranteed payment of 41p for each unit of electricity generated by a home solar photovoltaic installation for a period of 25 years, which has greatly improved the economics of buying solar PV.
A typical 2kW installation would earn around £800 per year in saved electricity and revenue from the feed in tariff, paying for itself in around 8 to 10 years. The annual CO2 saving would be nearly 1 tonne, equivalent to about 20% of the carbon emissions due to gas and electricity consumption in a typical Hackney home.
By getting together as a group we can negotiate a better deal with an installer, reducing the up-front costs and getting you a better return. If you have been thinking about investing in solar electricity generation then this is a very good opportunity to get a good deal, so please drop us a line if you want to find out more.