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Juice From Your Roof’s BIG SOLAR SHINDIG The Polka Children’s Theatre, Wimbledon 22 March 2011.

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Presentation on theme: "Juice From Your Roof’s BIG SOLAR SHINDIG The Polka Children’s Theatre, Wimbledon 22 March 2011."— Presentation transcript:

1 Juice From Your Roof’s BIG SOLAR SHINDIG The Polka Children’s Theatre, Wimbledon 22 March 2011

2 SHINDIG: Tonight’s programme NowWhy JFYR? Recruitment & Selection Feed-in Tariffs: An investment opportunity? 8:25Our preferred installer British Gas Solar Technologies www.solartechnologies.co.uk Barry Marsh, general manager Operation of the Rebate/Discount scheme 8:50LB Merton - Planning & Building Control 8:55 Interval - 10 minutes 9:05 Questions to BG, to LB Merton, to JFYR 10:00 Shin-Done

3 Why “Juice From Your Roof” – plus ‘How...’ Solar Buyers’ clubs are happening: – Marlow Solar 100, Wycombe 500, the Transition Town movement, Genyo, in the US, “One Block off the Grid” – Tip for next time: As few as 5 people can negotiate deals! Panel prices are falling, driven by – Timelines of the UK’s Feed in Tariff – Longer production runs – e.g. Sharp in Wrexham Recruitment since April 2011 – friends, word of mouth. Fetes & fairs, Mitcham Carnival, ‘Wimbledon Guardian’, pulpit of Christ Church WW !

4 Selection of our Preferred Installer MCS – Microgeneration Certification Scheme REAL – industry Code of Conduct 20 questions in JFYR’s questionnaire, circulated to 12 MCS- accredited installers, serving London & SE 4 MCS firms responded; 2 taken to final stage. Judged on: a) Price Competiveness - haggling with supplier No2 ! b) Customer referenced, customer satisfaction Memo of Understanding with BG – handshake, 17 Jan 2011

5 Financial case for Solar energy for homes, community buildings, businesses 25-year incentives to 2035 in Energy Act, 2008 – FiTs - Feed-in Tariff for electricity (Photo-Voltaics) – RHIs - Renewable Heat Incentive for water (Thermal) Tax free, inflation-adjusted: 43.3 pence/kWh Reference: Google ‘DECC Feed in Tariff rates’ Funded by tiny levy on c.30 million carbon-heavy electricity accounts Planned drop-off each year: so Get in early, to secure maximum returns

6 Investment & Return JFYR are not Financial advisers: Be certain to check return estimates with your accountant or IFA ! Outlay = guide prices between £7,500 and £14,000, depending on size of Solar PV system Returns – reported at around 8 to 10% tax-free April 2012: 43.3 kWp rate will drop c6% in real terms NB The rate at which you enter FiT is the rate which you receive for the rest of the FiT timescale

7 JFYR payback model: Illustrative Year 0 12345678910 Outlay - NB BEFORE Discount from installer-£ 12,500 Energy Generation & FiT Income System Capacity in kWp 2.50 kWh generated, per year 2,125 ANNUAL POWER GENERATION IN KwH 2,125 FIT payment/KwH, Yr 1 £ 0.413 £ 0.430 £ 0.447 £ 0.465 £ 0.483 £ 0.502 £ 0.523 £ 0.543 £ 0.565 CPI inflation, yr/yr4.0% FiT Decline, y/y - until Year 11-4.23% FiT Income £ 878 £ 913 £ 949 £ 987 £ 1,027 £ 1,068 £ 1,110 £ 1,155 £ 1,201 Energy Usage & Costs saved / Export Revenue earned Percentage of PV power utilised by HH50% Percentage of PV power exported50% Unit cost/Kwh, conventional electricity £ 0.14 Electricity Inflation, Y/Y4.8% Unit price/Kwh, for export sale £ 0.03 Savings on conventional electricity £ 149 £ 156 £ 163 £ 171 £ 179 £ 188 £ 197 £ 207 £ 216 £ 227 Export revenue £ 32 TOTAL REVENUES AND BENEFITS -£ 12,500 £ 1,058 £ 1,065 £ 1,108 £ 1,152 £ 1,199 £ 1,247 £ 1,297 £ 1,349 £ 1,403 £ 1,460 CUMULATIVE REVENUES AND BENEFITS-£ 12,500-£ 11,442-£ 10,376-£ 9,268-£ 8,116-£ 6,918-£ 5,671-£ 4,374-£ 3,025-£ 1,622-£ 162 Check with your Accountant or IFA !

8 JFYR payback model: Illustrative Check with your Accountant or IFA ! Year 0 12345 Outlay - NB BEFORE Discount from installer-£ 12,500 Energy Generation & FiT Income System Capacity in kWp 2.50 kWh generated, per year 2,125 ANNUAL POWER GENERATION IN KwH 2,125 FIT payment/KwH, Yr 1 £ 0.413 £ 0.430 £ 0.447 £ 0.465 CPI inflation, yr/yr4.0% FiT Decline, y/y - until Year 11-4.23% FiT Income £ 878 £ 913 £ 949 £ 987 Energy Usage & Costs saved / Export Revenue earned Percentage of PV power utilised by HH50% Percentage of PV power exported50% Unit cost/Kwh, conventional electricity £ 0.14 Electricity Inflation, Y/Y4.8% Unit price/Kwh, for export sale £ 0.03 Savings on conventional electricity £ 149 £ 156 £ 163 £ 171 £ 179 Export revenue £ 32 TOTAL REVENUES AND BENEFITS -£ 12,500 £ 1,058 £ 1,065 £ 1,108 £ 1,152 £ 1,199 CUMULATIVE REVENUES AND BENEFITS-£ 12,500-£ 11,442-£ 10,376-£ 9,268-£ 8,116-£ 6,918

9 Planning: You should check with LB Merton Location of property Planning permission? Consent authorisation ?Fee Certificate of Lawful Development Fee Outside Conservation areas, and NOT on listed buildings 'Permitted Development', if a)roof ridgeline not breached, and b) panels protude less than 20 cm £0 Required. Of value when property sold on Pre- installa tion = £75 Post- installa tion = £150 Inside Conservation areas, or on listed buildings Conservation area consent required £0 and/or Listed Building consent required £0

10 Planning: You should check with LB Merton ‘Contact us: You can speak to a planning officer without appointment at Merton Link between 9am and 11am Monday to Friday.Merton Link Email: planning@merton.gov.uk Telephone: 020 8545 3777 Phone lines are open Monday to Friday, 1pm to 4pm. Please have some information to hand such as the address of the property or site’. From http://www.merton.gov.uk/living/planning.htmhttp://www.merton.gov.uk/living/planning.htm


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