Lifes Energy | Solar panels in Pickering perform better than predicted despite a wet summer

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Solar panels in Pickering perform better than predicted despite a wet summer

Key Facts

Four kW solar photovoltaic system on family home

South facing roof

Approved installer

20 year guarantee

Benefits

Return on investment of 17% from combined feed-in tariff and electricity savings

Installation paid off in under six years on an installation guaranteed for 20 years

Free electricity massively reduces energy bills for family home

Life’s energy installed a 4 kW solar photovoltaic system on a home in Pickering North Yorkshire as an investment for our customer.

He emailed us to say how thrilled he is with the results:

It is now a year since you installed our solar system and I thought you would be interested in how it has performed.

Your original predictions when you quoted me were:-

3413 kWh produced = £1477.61
Exported to grid = £52.89
Electricity saving 1706 kWh = £221.81

The actual figures for the year were:-

3641.1 kWh produced = £1,627.32
Exported to grid = £57.66
Electricity saving 3640.8 kWh = £367.51

Therefore my:

Return on capital invested FIT only = 14.16%
Return on capital invested FIT + savings = 17.25%

“Needless to say we are delighted with both the system, which has to date been trouble free, and its first years performance in what has been one of the worst dullest and wettest summers on record. The capital cost will be recovered in less than 6 years at current performance rates.”

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Solar PV Panels Solution