Solar System 3.1Kw installed June 2010
Because of the guarateed security that solar power brings, Darrel has invested in a large solar system which makes up part of his overall pension plan. Indeed says Darrel, it’s more secure than my private pension, which is very volatile at the moment.
Having no mortgage, the cost of fuel has become the biggest outgoing. Living on a fixed income can’t absorb energy increases of between 10% and 20% year on year. Says Darrel, using all the electricity that the solar panels produce will greatly reduce my outgoings especially heating the hot water.
Financial Benefits for Darrel
First years figures as follows:
Generated Power: 2872.62 Kw/h payment £1418.90
Estimated savings on energy consumption £170.00
Total income for 1st year £1588.90
Carbon reduction 2.007 Tonnes
*Feed in tariff at 41p per kilowatt hour
Summary
Darrel’s solar system has preformed well, it is south facing with no shading. Each year will increase payment as the tariff is linked to inflation. We are currently working on a hot water system that will use solar power instead of natural gas. Switching from natural gas to solar power is a key strategy in renewable energy.
