Don´t wait for the energy price cap to go up in July. The savings were already massive, even without the cost of power from the grid rising steeply. Everyday you don’t have solar panels is a day you’re wasting money, and we´ve already entered the time of year when Solar panels really start to make people serious bucks.
You could already be saving well over a thousand pounds a year. You dont have to wait for the cost of energy to double for it to make sound financial sense. In fact a typical Ecotekk Solar PV installation pays back around 3 times as much money as would have been earned in the highest interest bearing savings account available in the UK right now (and unlike the ISA or share portfolio, financial benefits accruing from Solar are entirely tax free). Energy costs – for people who don´t have an Ecotekk Solar PV installation, that is- look set to double in July and could well quadruple from the present rate (circa 26-30p per kWh) by the wintertime.
We can even finance the system for you, and depending on the term of loan you can, with 100% certainty, have a payment schedule which will leave you better off financially, not in 5 or 10 years, but right away, because the repayments on the loan will be more than offset by the savings from them bills. With a loan spread over the maximum term of 30 year, the savings will absolutely dwarf the monthly instalments.
If you are in a position to buy the system outright, you also are immediately better off – you’ve essentially just moved your money from an investment bearing a low rate of return to one where the rate is orders of magnitude higher. If people borrowing the cash at 10.9 or 5.6% are better off as soon as their system has been fitted and the sun is shining, it stands to reason that someone not paying any interest on a loan is that much better off again. But even with a loan, it is still utterly compelling, and will only be more so given what’s going on in the world.
And of course, the solar panels not only make you much better off financially, they also give you greater independence from the grid -especially important should the lights start going out because of gas supply to energy wholesalers- greater resilience to energy price shocks, they also add value to your home and make it more desirable and saleable, and of course, you get all these benefits whilst doing an unmitigated good thing.
So with a 4kwp Solar PV and with a k.2kwh Electrical Energy Storage System (all premium products, and including everything except access) What are you waiting for?