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Domestic Case Study

Republic of Ireland

Average consumption 6,000 kWh per year

  •  Cost of electricity €0.20 per kWh including VAT
  •  Average about €1,200 per year
  •  Increasing at 5%
  •  2.7kWp System installed (12 Solar PV Panels)
  •  Generates 2,622kWh per year
  •  Estimated cost €5,000 fully installed inc VAT

Savings over 20 years

  •  Total savings €17,000
  •  Rate of return > 14% for more than 20 years TAX FREE
  •  Consume 100% of what you produce
  •  Diversion technology to heat water radiators

Northern Ireland/UK

Return on Investment

IRR investment returns 30% are now possible for Solar PV Installation

Case Study: Typical 3/4 Bedroom Home

  • Consumption 6,000kWh per year
  • Electricity costs £0.15 per kWh
  • Solar PV Installation is 3kW, 12 panels, 30 SqM
  • Estimated cost of complete installation £5,500 excl VAT
  • IRR (Internal Rate of Return) 30%
  • Payback in less than 5 years
  • The UK government will pay you a feed-in-tariff of £0.176, for every unit (kWh) you generate.
  • Unused electricity generated by solar panels can be exported to the grid for an agreed export tariff (approx £0.055) with your electricity provider