Solar PV could result in your electricity supplier paying you

August 29, 2007

Paul Norris has the kind of power bill we all dream of – his electricity supplier sends him a cheque.

“The main reason I had it installed was because I was worried about climate change, but it’s great to actually make some money out of it,” he says.

Paul could also make more than £130 per annum, if he was prepared to endure the Government’s convoluted support system. This involves Renewable Obligations Certificates (ROCs), which are accrued by those generating renewable energy and are purchased by suppliers so they can meet their eco-obligations.

Although the value of a ROC is set by the market, it is typically around £45 and a large PV system like Paul’s can amass three a year, which should sweeten the move to renewable energy considerably.

Alas the process, which was originally designed for large-scale enterprises, is so bureaucratic it is likely to deter the average homeowner.

“I intended to register but I haven’t been able to face the red tape,” he says.

Even without the ROCs, Paul has estimated that his PV system – which cost him £8,500, because he received a 50 per cent grant from the Government – will pay for itself within 14 years. However, the grant has now been capped at £2,500.

Alas the process, which was originally designed for large-scale enterprises, is so bureaucratic it is likely to deter the average homeowner.

Read more at http://www.telegraph.co.uk/earth/main.jhtml?xml=/earth/2007/08/20/nosplit/eavolt120.xml

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