Solar PV costs much less than people realise.
The cost of the generation equipment has halved over the last 2 years making it affordable to most property owners.
We asked our customers why they wanted to invest in solar PV. Here are the top 3 reasons given by:
- Protection against rising energy prices
- Low risk investment with a significantly higher return than “anything else out there”
- Dual benefit of heating hot water at a fraction of the cost of solar thermal technology (see optimising devices)
- Savings on electricity increasing the profit on all inclusive rentals
- Competitive advantage where cost savings are passed on to the tenant
- An affordable means of increasing the EPC rating of the property
- Leveraging a second income stream from the business property
- Savings on electricity bills increasing business profits
- Cost of installation is tax deductible
Of course the green credentials from incorporating solar PV into a property was mentioned by all – but interestingly, saving the environment was not the most important reason for choosing this technology.
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