Government Grants have stopped
False – The Feed in Tariff payments are guaranteed for 20 years. The average return on investment is between £15-20k in the North West on a domestic system.
Solar panels only work in bright sunshine/summer
False. Only daylight is required. Solar panels generate electricity from daylight, so they also work when it's overcast, raining and during all months of the year. In fact, they work at their peak when cool! The average household electricity consumption is 3300KWh per year, a 4KWp Solar PV System will produce as much as 3400KWh per year
My money is safer in a bank or building Society
False - Most savings accounts offer you between 2.3% - 4% An average 4KWp Solar PV system returns between 7%-10%
Your solar panels have to face south
False. East or West facing panels are slightly less productive, but only by about 15-20%.
It takes 20-30 years to get your money back from solar panel
False. Advances in technology and the Feed-in Tariffs have greatly reduced 'pay back' time. The average payback term is 5-7 years.
Solar PV Costs the Earth
False. Advances in manufacturing technology have resulted in lower sales prices.
Ave Domestic Sale Price £8k ROI £20k (no outlay with EG Solar Loan)
Ave Commercial Sale Price £60k ROI £375k
Solar panels lose efficiency quickly
False. Most panels are guaranteed for 25 years to operate at 80% of their original efficiency. Solar Modules will continue to work well over 50 years
Solar loans are only available to people with a good credit rating
False. Energy Gain offers unsecured loans to domestic homeowners with varying credit ratings.
I only have a low electricity bill, I have no need for sustainable technologies
False. The UK’s average price per KW is £15.32p one of the lowest in Europe. The average price in Europe is 21.06p. As the UK produces very little energy, supply and demand shows that the energy prices are only going to go up (18% last year). A sustainable system protects you against rising energy costs as you produce your own energy.
If I utilise a Solar Loan, I will not own the system?
False. You will own the full system and you will receive all the government grants and energy savings direct to your bank. The solar loan is also unsecured, so you do not need to offer personal guarantees etc.
I need planning permission?
False. Only if you are living in a conservation area or area of natural beauty.
My time is too precious to have a solar system installed
False. Energy Gain UK has a limited amount of finance available to fund solar systems. We will provide you a no obligation quotation and survey free of charge. But please act fast as this time is running out.
Energy Gain have no offers to entice me to install a system.
False. As Energy Gain needs to meet their financial targets they will also offer you:
FREE Energy Performance Assessment and Certificate
FREE Energy Efficient Kettle
FREE Energy Monitor linked to your Smart Phone
FREE Scaffolding
