With the government backing to go Green in the UK, we are seeing the potential for savvy investors and property professionals looking towards the Solar and renewable technology sector.
The government backed feed in tariff scheme for Solar Photo Voltaics or PV is an excellent way to achieve return on investment and also for landlord a way to create an extra advantage in the rental market.
Feed in tariffs pay back as much as 43.3p per kilowatt produced. If you are not using the electricity generated by your PV panels, then any surplus is sold to the National Grid, at an additional 3.1p per kWh, giving a higher total rate of 46.4p per kWh.
These tariffs are available now and the date for the reduction in the tariff has been announced as 31 March 2012.

The maximum system the tariff pays up to is a 3.8kwh system.
Electricity generated per year- 3262kwh
FIT 25 year guarantee – 43.3p
Annual income- £1463
Electricity bill saving- £196

Total income and saving- £1659
Over 25 years- £61,237
Profit- £49,267

Payback period- 6 years 7 months
ROI- 16%
Based on figures from our accredited network. STROMA

Prices can vary on systems due to the competitiveness of the market but one of our initial surveys can give you the calculations to assess how practical the system will be and how much savings can be achieved. This is a cost free service and we can gather quotes for install from there from a few suppliers.

Do you think its worth looking at your portfolio at any property that might fit the bill.

What does this mean for a property tenanted?
The tenants get the use of the electricity generated during the day and therefore makes their bills cheaper as the use power from the roof and not the grid.

Lets now look at the advantage for you the landlord. Does your property now look more efficient- Yes
Do you have an advantage when seeking tenants?- Yes
Do your tenants have the advantage of some savings on bills- Yes

In summary its a Win Win situation and the panels will become an asset to the property with FIT guaranteed for 25years. One piece of advice would be to see what is achievable and use your properties to your advantage. Be slightly wary of rent a roof schemes these are good as your tenants get some savings on their bills however you will receive none of the FIT for the duration of the incentive.
We are happy to answer any questions and give you the feasibility surveys for you on any properties, even businesses.
Contact us for information. info@brighterenergy.co.uk 01603 510847
Check out our case studies already assessed at www.brighterenergy.co.uk