A new study that claims to be a “snapshot” of how much money can be made from home solar projects shows that the average solar PV owner earned £1,073 from their electricity provider in the last year. This is according to research by Ploughcroft, the Yorkshire-based solar installer backed by BBC Dragons’ Den investors Deborah Meaden and Theo Pathitis.
The firm says the research serves to confirm estimates that came out when the government’s FiTs subsidy for making solar energy first began in April 2010. The Energy Savings Trust put this figure at £1,060 based on a 2.9kWp system.
Chris Hopkins, founder and managing director of Ploughcroft said: “We wanted to carry out this report so that we could provide the British public with a true snapshot of what solar PV owners are earning, based on results from homeowners themselves.”
Their figures show that over the 25 year scheme, homeowners will make nearly £50,000 with a simple payback scheme, after initially investing £15,000.