Electric cars cut solar payback times in half

Electric car drivers could slash the payback time of installing solar panels to under five years.

Figures are based upon a 2.52kWp system installed on a domestic property, the panels are used to charge a Nissan LEAF.

Since installing the £11,500 system three months ago, the panels have generated enough energy to power 2,290 miles of the 2,680 miles driven during that time – around 85 per cent.

It costs about £150 to drive 1,000 miles in a petrol car and £37.10 in an electric car, but using figures for this solar-powered electric car, the same distance costs just £5.38.

If the average driver travels 12,000 miles a year, an electric car owner with a similar-sized solar system would spend under £65 on a year's motoring, saving £1,736 on petrol costs as well as raking in £1,055 worth of feed-in tariff payments.

These combined annual benefits mean the £11,500 system should pay for itself in around four and a half years rather than the average 10 years.

Through solar-generated energy, the public can significantly cut their fuel costs and help reduce Britain's carbon footprint. Solar-charged vehicles have real potential on our roads, and from the moment the panels are installed the public can begin to reap benefits.

Urban Energy

Urban Energy are delighted that nearly half the population would like to install renewable energy technologies; what worries us is the lack of awareness surrounding it. To bridge the Green Gap it’s essential we continue to educate consumers and break down some of the myths surrounding the Green Deal, energy efficiency and microgeneration.

Urban Energy has earned a reputation as the south’s leading renewable energy specialist. This has been achieved by ensuring that from the initial point of client contact we offer 1st class customer service and care.

We only install products that lead the way within the renewable energy industry and that are renowned for their high quality and ecologically sound production. This reflects our own high standards and quality assurance.

We understand that introducing a renewable energy system to either your home or business is an investment that lasts for many years. With our in-house electrical and plumbing division it is our promise to you the customer that your satisfaction and peace of mind throughout this period is our number one priority.

For further information about Urban Energy products and services:

Call: 0800 232 1624

Email: info@urbanenergy.org.uk

Website: http://www.urbanenergy.org.uk/