Renewable Energy is not just about saving the planet, although it will certainly help, nowadays it is as much about “return on investment” calculations and generating alternative, and guaranteed, income streams.
Solar PV panels generate electricity from sunlight by a clever silicone module. A typical domestic installation of 12 panels, costing around £8,100 to install, will generate free electric of approximately £1429. The free electric will only become more valuable as energy costs continue to rise.
The same rules apply to larger commercial systems, a 200 panel commercial array would provide free electric of around £24,900 per annum, based on 50p/kWH.
If you have the right location a wind turbine might be the answer, the same basic rules apply although planning has to be overcome.
A 5kw turbine on a 12 metre mast would cost approximately £39,000 and give free electric of £6,000 per annum, but they do need an annual service at £400.
Good solar systems are virtually trouble free if installed correctly, and you have to like the look of product on your property, but you are showing the world that you are doing your bit to save it, and that you have made a shrewd investment.
With turbines there is more to go wrong, and they do produce a slight noise in most wind conditions.
Make sure you chose your turbine wisely and have it installed by a company you know will look after you.
Although renewable energy is a terrific investment, it is long term, as it is not possible to get your capital back if your circumstances change, but if you have funds languishing at 2% or 3% interest you should seriously consider “saving the planet” and reducing your energy costs.
H E Servicing provides a free of charge, no obligation, site evaluation survey, which provides you with a ‘cost/payback/returns’ estimate for all the above systems as well as guidance on system sizing and planning issues. Give us a ring on 01434 602402 to arrange this free survey.
