If a 25 year guaranteed investment (linked to inflation) that provides you with free electricity and reduces your carbon footprint sounds tempting, then installing solar PV panels on the roofs of your commercial units is something to consider.
Solar PV panels are roof panels which convert sunlight into electricity. The equipment generates electricity at the point of use for the benefit of the building and any electricity that is not used can be exported to the National Grid. The owner of the building is then able to make money on selling excess electricity back to the National Grid through Feed-in Tariffs (FITs). FITs are paid by licensed electricity suppliers and are effectively a fixed price for every kWh generated.
How can solar PV panels make you money?
- Free electricity reduces your electricity bills!
- They are an income-generating asset in the form of FITs.
- If your unit is tenanted then the free electricity generated could be sold on to your tenants (at a competitive price).
- Allowing a developer to install the panels on your roof space and granting him a lease of it would enable you to demand a rental income.
- They can increase the value of your property.
Installations must be operational and registered by April 2012 and sooner rather than later in order to secure the best rate of return.