06 April 2010 12:00
Here comes the sun: E.ON's SolarSaver scheme is a bright investment
Providing expert advice from first consultation through to producing first power, E.ON has today (TUES) launched a solar power product that gives complete peace of mind to customers looking to save on their energy bills and reduce their impact on the environment.
Imagine making money from the power of the sun - seeing the benefit on your bills whether you are using that electricity or not. E.ON SolarSaver could see total savings of more than £24,000 over the 25-year life of the Feed-In-Tariff which rewards homeowners generating their own renewable energy.
With SolarSaver, homeowners could ‘break even' on their initial investment in just 12 years, giving a further 13 years of profit. And by working with E.ON, one of the UK's leading renewable energy generators, customers will have the benefit of monitoring to help maximise their income.
Phil Gilbert, from E.ON, said: "We've all got a role to play in bringing down our carbon footprint and we're helping our customers do that. With the long term benefit provided by the new Feed-in Tariff they'll even make money back.
"This will be the first of many exciting new propositions we'll have for our customers, giving them the power to produce their own heat and electricity from lower carbon sources.
"SolarSaver will give customers the level of service you'd expect from one of the UK's leading energy companies; from initial consultation to survey and installation - assessing homes for suitability, helping with planning applications and identifying grants or funding to which customers may be entitled."
Solar photovoltaic (PV) panels convert light energy from the sun into electricity that can be used to directly power appliances in your home.
- A 2.1kW system will cost approximately £11,350 and could generate on average 1,588kWh of electricity each year, reducing electricity bills, attracting payments through Feed-in Tariffs and earning money selling any unused electricity back to the grid;
- For the 25-year period over which the Feed-in Tariff (FiT) operates, customers could expect to receive up to £24,000 through FiT, export payments and savings on energy bills;
- Should you decide to move house, E.ON's Solar Certificate of Performance shows prospective buyers the potential value of the installation.
Ends
Figures based based on a 2.1kW Sharp solar photovoltaic system on south-facing roof with 30o pitch in average UK weather conditions with an average annual output of 1,588kWh. Assumes FiT subsidy at 41.3p/ kWh and supply cost of 10.086p/kWh, increasing in line with inflation assumed at 2% over 25 years.
Household energy consumption based on Ofgem figures showing average consumption of 3,300 kWh consuming 50% of the electricity generated from the system and exporting the remaining 50%.
Notes to editors:
- E.ON is one of the UK's leading power and gas companies - generating and distributing electricity, and retailing power and gas - and is part of the E.ON group, one of the world's largest investor-owned power and gas companies. We employ around 16,000 people in the UK and more than 88,000 worldwide;
- E.ON's retail business is a leading energy supplier in the UK with around 5.5 million electricity and gas customers, covering domestic, SME and industrial. E.ON also offers central heating and boiler care;
- We're one of the leading green generators in the UK, with 19 wind farms located from Cornwall to Kintyre. We own and operate one of the UK's largest dedicated biomass power stations at Lockerbie. Combined, our renewable portfolio generates enough green energy to power the homes in a city the size of Manchester;
- Our green development portfolio could power over a million homes and displace the emission of almost two million tonnes of carbon dioxide a year by building new onshore and offshore wind farms, biomass power stations, and tidal stream and wave power schemes;
- We have installed over 350,000 cavity wall and loft installation measures since 2006, as well as energy efficient boilers and smart meters to help customers manage their energy more efficiently;
- E.ON Group aims to spend €8bn between 2007 and 2011 on renewable generation and climate protection activities.
For more information contact:
Andrew Barrow at E.ON on 024 7618 3677