SunDog Highlights Positive Investment Potential For Solar
For those wishing to generate their own electricity and make huge savings on rising energy bills, there has never been a better time to install solar PV, according to locally-based renewable energy experts, Sundog Energy. But customers will have to hurry if they are to get the best value for their money, as prices could be on the rise again in the near future, warned the company.
Why? Global oversupply of solar panels has led to tumbling prices over the past year, but panel prices are now starting to increase again and they are expected to rise further over the coming months.
But the good news is, despite rumours to the contrary, the feed-in tariff (FIT) - the Government's incentive for the take up of renewable energy technologies such as solar PV - is far from dead. Although the FIT rate has been cut significantly, this has reflected the dramatic fall in panel and inverter prices, and the returns from an investment in solar are still very attractive. Current low prices mean that solar PV is accessible to more people than ever as there is less upfront capital cost, but still a very good rate of return.
According to Martin Cotterell, founder and technical director of Sundog Energy, "Solar PV is a very effective way of reducing the future impact of rising energy bills. As a PV system owner, you will get income from the FIT and make savings on electricity bills - which means that a typical PV system pays for itself in 7 to 8 years.
"After that, all the income is profit and, by using your own free power, you won't have to buy so much increasingly expensive electricity from your supplier. You could think of installing solar PV as pre-buying a proportion of your future electricity needs at a fixed price for the lifetime of the system, freeing you from rising energy prices."
There are many options available to consumers and Sundog Energy offers good, honest, no-obligation advice, at its Renewable Energy Advice Centre, on all solar PV and other renewable energy solutions, including biomass (wood pellet) boilers, heat pumps and solar thermal systems, together with the various grants and incentives available for each.
The company operates its Renewable Energy Advice Centre at its main offices at North Lakes Business Park, just off the A66 west of Penrith (open 10am to 4pm Monday to Friday). Here visitors can see for themselves the different technologies and products and find out which best suits their needs, in a relaxed and friendly environment.
