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Customer: Mr M
Type: Solar PV System - BP Panels
Installation Date: 5th July 2011

Final stage of a solar panel installationMr M installed a PV system of 7 panels on his south facing roof in Nottingham in July 2011. He started receiving the government Feed In Tariff at a rate of 43.3p/kWh for the generation and 3p/kWh for the export tariff, deemed 50% of the amount of electricity generated. The payback calculation for this system gives an approximate generation annual income for the first year of £485.00, an export income of £16.80 and an approximate £65 savings from energy used. This gives a total income and savings for the first year of £566.80.

He will receive guaranteed payments from the government FIT scheme for 25 years, plus they will be adjusted for inflation using the Retail Price Index. He can expect an income from the Feed in Tariff for the next 25 years to be around £12,125. (This figure does not take into account inflation)

The system took one and half days to install and was supplied with a performance warranty of 25 years and an installation warranty of 5 years. The system has been installed by a MCS registered company so therefore he will qualify for the Government FIT, which will be paid to him directly from his energy provider. Mr M will expect a 9.6% return on his investment.

What the customer said: “Mr M was extremely pleased with the professionalism of AE Eco energy and is pleased to be doing his bit for the environment. He stated that in his mind doing his bit for the environment was his main motivation for having the PV system installed and the income he will be receiving was an added bonus.”

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