Installing solar photovoltaic (PV) systems in your home is a better investment than depositing cash in the bank.
According to Stephen Munday, Managing Director of Clean Energy Installations, householders can achieve a 10% return on the outlay in the form of reduced energy costs.
This more than four times the return many savings accounts offer in annual interest on cash deposits.
Munday said: “Even allowing for the fact the government has slashed its Feed-in Tariffs – the financial incentives for investing in renewable energy – people are still seeing their energy bills drop by an average of £550 every year.”
Many people in the industry claim financial returns of up to 50% savings are possible, but Munday said: “That’s an overestimation and we need to be clear and honest with consumers. Very few people reach that figure – 10% is what most people achieve.”
One believer is biomedical scientist and semi-retired Anglican priest the Rev. Penny West. She’s enjoying significant energy cost savings having commissioned Clean Energy Installations to install solar PV systems on two of her properties.
The Rev. West said: “I am delighted to now be benefiting by 60 to 80% energy cost savings after converting from oil and calor gas to PV panels and a heat pump.”
A Trading Standards Buy With Confidence Scheme approved contractor and a Which? Trusted Trader, Clean Energy Installations supplies and installs heat pumps and solar photovoltaic (PV) panels.