Example 100kWp Solar PV installation
Installation cost:
£80,000.00
Year One electricity generation 86,400 kWh
FiT Tarrif £0.11.5p / kWh
FiT generation income
£9,936.00
FiT export income (30%)
£1,166.40
Electricity savings (70% @ 10p/kWh)
£6,050.00
Total income and savings
£17,152.80
Typical Payback period
4.3 Years
Total 20 year income and savings
£801,719.00
Financing examples
Siemens
Loan amount: £80.000.00
Customer deposit: £16,000 (VAT)
Term
5 Years
6 Years
7 Years
Monthly payments
£1654.40
£1443.55
£1285.66
Annual cost
£19,990.66
£17,322.66
£15,428.00
Total cost of finance
£99,953.32
£103,936.00
£107,996.0
Lombards
Loan amount: £72,000.00
Customer deposit: £8,000 + £16,000 (VAT) = £24,000
Term
3 Years
4 Years
5 Years
Monthly payments
£2,224.08
£1,738.08
£1,450.08
Quarterly Payments
£6,711.12
£5,246.64
£4,379.76
Annual cost
£26,688.96
£20,986.56
£17,519.04
Total cost of finance
£77,086.08
£83,427.84
£87,004.80