50kW PV installations: Will there ever be a better time for commercial solar in the UK?

The cost of a 50kW commercial solar photovoltaics (PV) system in the UK has now reached a price range of £100k to £130k. With the UK feed-in tariff set at 32.9p/kWh generated -  UK solar PV is currently in a bubble - one that serves up a golden opportunity for businesses to add solar PV to their property. It is unlikely that there will ever be a better time to act. 

THE FACTS:

A commercial 50kW PV system, taking up the rooftop area approximately the size of two tennis courts and located in the middle of the UK, would typically generate between £13k and £17k in FiT income and energy bill savings annually, generating a profit of approximately £260k over 25 years. Now, when you consider that the FiT income is index-linked to the CPI as well as being Government-backed, as a business case, commercial solar PV is a now a ‘no brainer’. This point is only accentuated as electricity prices escalate. 

TIMING:

To avoid disappointment businesses thinking of installing ~50kW solar systems must now act quickly or risk missing out. With less than six months remaining for solar PV systems to become operational and registered on the current FiT rates, there is effectively only two months left for businesses to begin the process of adding new solar to their property portfolio.

It is important to remember that although a survey and PV system design can be done quickly, planning permission typically takes three months and an application to connect the system to the electricity network is generally a two month exercise.

New applications must be in by the end of November 2011 to have realistic chance of being installed in time.

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/