Installation Costs for Small Business Solar Panels
Cost of installation
The installation cost for small business solar panels will differ from one installer to another but generally, small systems generating about 1.1kWp will cost around £3,250 to install while a 4kW solar system will cost in the region of £12,000 in the UK.
A 10kWp solar panel system should cost around £27,000 including VAT, delivery and installation. Government incentives are also available for small businesses in order to encourage them to use solar energy. The Feed-in-Tariffs (FITs) scheme allows small businesses to sell their excess energy into the National Grid and can be used to offset the initial installation costs. Grants are also given by the government to facilitate installation of PV systems by small businesses.
Costs and Long Term Benefits
Solar panel installers take into account the total profit of the solar PV System supply when calculating their charges for installation and it is often more cost-effective to install a larger system because of the many fixed costs to the installer. This often means that the installation cost may have room for discounts to be negotiated with installers and small businesses should always try to get the best solar panel prices from the top solar suppliers.
The payback period of the PV System is also an important factor since every consumer is concerned about how long it will take to recoup the initial installation cost. Most payback periods are between 7-11 years but some can be longer.
Most PV Systems generate about 750kWh/year for every kW of power installed and small businesses can leverage all of this electricity to earn them cash from the Feed In Tariff scheme which will now pay up to 21p for every kWh generated (The Feed-in Tariffs have recently changed)
Finding the Best Solar Panel Quote
Consumers should endeavour to confirm the qualifications and suitability of any installer under consideration. Installers and their products should be Microgeneration Certification Scheme (MCS) accredited. The MCS is a government backed initiative that evaluates micro-generation products and installers to ensure that the products and installers meet technical and quality standards for the purpose of Feed-in Tariffs.
Only MCS accredited solar panel suppliers can install small business solar panels able to earn businesses cash from Feed-in Tariffs. TO get a free quote, or to compare MCS accredited suppliers simply fill in you post code at the top of this article to receive free quotes. Or for more information you can call us direct on 0207 424 3132, we'd be happy to help with any of your questions.
Long Term Benefits
Most high quality small business solar panel systems can last for as long as 40 years and the first 25 years of their lifespan will earn cash for their owners. The introduction of Feed-in Tariffs (FITs) has meant that small businesses can now include Green Energy Cash Back earnings as an integral part of their business model in terms of return on investment.
It has been reported that many businesses using solar energy make between £11,500 and £101,000 in profits from using PV Systems after recovering the installation cost.