Thursday 14 April 2011

Discounts on Solar Renewables

Muswell Hill Sustainability Group is running an information evening on solar renewables on 11th May at St James Church, Muswell Hill at 8.00pm, following the success of our first evening last November.
As many of you may know, there is a very generous government subsidy for generating solar electricity at the moment.  You can earn 8-10% net every year for 25 years (which compares to interest rates of 2-3% available from most building societies).  The government pays domestic generators of solar power a Feed-in-Tariff (FIT) of 41.3p for every unit of electricity generated - generating an annual income of around £900 on a medium sized solar pv system.  The FIT is index-linked, tax-free and guaranteed over 25 years.  Despite some confused reporting in the media, the recent government review has had no impact on the domestic feed-in-tariff, only on larger solar farms.  You'll also save on your electricity bills - because you're producing your own electricity you'll be buying less.  With electricity prices forecast to rise significantly this is a real benefit.
Muswell Hill Sustainability Group have recently set up a Low Carbon Buying Group (LCBG) to provide discounts on solar renewables and other more expensive energy-saving measures.  We've obtained 10-20% discounts from 4 pre-vetted solar power installers who will be coming along to our information evening.  Several local households have already installed solar electricity systems through the scheme.
At our evening you'll be able to learn about the following:
basics of solar electricity and solar thermal
subsidies available
what's involved in installation, what are the most suitable roofs, how do you integrate solar thermal into your hot water system
planning considerations
our Low Carbon Buying Group discount scheme

You can also talk to our 4 installers over drinks and snacks.

Please let me know if you'd be interested in attending so we have an idea on numbers.

best wishes

Kate Allardyce
Project Co-ordinator
en10ergy and Muswell Hill Low Carbon Zone
07798 835738

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