The Institute for Energy Economics and Financial Analysis has estimated the effect on the payback period of PV systems when adding EVs and storage in Germany and Britain. In both cases, system owners are likely to reduce their payback period by significant margins as increased self-consumption can offset the incremental phase out of government incentives. Combining a 4 kW residential solar rooftop system with battery storage of a similar size, and a small EV with 35 kWh capacity, would ensure a payback time of four years for the lot in Britain in 2025. With feed-in and export tariffs largely phased out, and discounted VAT on solar products set to be removed, the payback period for just the solar system could be more than 20 years, with a return on investment rate of minus-3%.
PV Magazine 24th May 2019 read more »
Anesco has targeted the UK’s domestic solar-plus-storage market with a new ‘at Home’ offering comprising a raft of clean energy technologies. Solar and battery storage will be combined with heat pumps, EV charging technologies and an auto-switching energy tariff service to offer consumers a tailored energy service to not only decarbonise, but save money on utility bills. The company said recent trials of the service saw households reduce their energy bills by around 40% which, when combined with payments made under the Renewable Heat Incentive, saw them become ‘cost neutral’. In launching a comprehensive domestic service, Anesco is entering a market that is quickly becoming one of the key battlegrounds for UK solar. Heavyweight companies such as E.On and Nissan have already launched product packages for the UK market, while other companies like Social Energy have also introduced smart solar packages.
Solar Power Portal 24th May 2019 read more »