Domestic Solar PV – Wragby, Lincoln -
About The Project
- System Size: 4.00 kWp
- Panel Model: Sharp ND-R250 Poly
- Inverter Model: Power One PVI-3.6-OUTD
- Annual Output (kWh / year): 3,434
- Annual CO2 Savings (kg / year): 1,800
Lynne had heard about the advantages of Solar PV & Thermal and was keen to reduce her carbon footprint at the same time as invest in a system that would guarantee her a good return.
She chose to work with UK Alternative Energy after receiving a recommendation from other Wragby customers.
The roof-mounted Solar PV system has been installed using 16 Sharp 250w solar panels. The size of the system is 4.00 kWp, generating an annual 3,434 kW of solar generated power and also a reduction of 1.8 tonnes of CO2 emissions.
As soon as the installation was complete, the new system began generating not only electricity for Lynne’s home, but also a healthy 13.05% return on investment, equating to an anticipated return of £1,135 per annum*.
Over the next 25 years the initial investment will bring an expected minimum income of £28,375*, which when considering the rising cost of fuel it impressively increases to an extrapolated figure of £63,694** return over 25 years. The feed in tariff is index linked and tax free.
Lynne also benefits from free hot water due to the Solar Thermal panels installed which will provide 70% of her hot water requirements.
* Financial return calculated on tariff for installations before August 2012
** The extrapolated costs are approximations based on an increased cost of electricity at 10% per annum and inflation based on 3% per annum.