Solar PV Costs & Savings

The cost of installing solar PV varies greatly depending on the size of system you install and the components used. Generally speaking the larger the installation, the more it costs but the more you are likely to save too.
 
Generally per kW, solar PV systems cost in the region of £4,500 to £8,000 per kW, but costs per kW should reduce as the size of the system increases.
 
Maintenance of PV panels is generally minimal. The panels need to be kept relatively clean to retain efficiency and care should be taken to prevent trees and bushes overshadowing them.
 
Solar PV panels generally have a life-span of 30-40 years and can add to the value of your property. Currently the feed-in tariff is guaranteed for 25 years from the date of installation so it's relatively easy to calculate how quickly your solar equipment will pay for itself.

For all domestic properties the revenue generated from the feed in tariff is tax free,  and the VAT payable on the installation is only 5%.

You will qualify for the full FIT payments if:The technology was installed between 15th July 2009 and 31st March 2010 and you transfered to FITs before 1st April; ORIt is installed after 1st April 2010 using an MCS certificated product and installer.

Feed-In Tariff levels for Solar PV power (pence for each kWh generated)