UK energy provider, British Gas, is to provide solar power for thousands of homes across the UK. The company will offer UK residents the option of free solar installation in order to benefit from cut electricity prices only, or finance solutions to cover the up-front cost of the system, delivering further rebate from the country’s feed-in tariff, reports PV-Tech’s UK sister site.
British Gas will work through mySolar Energy to provide an end-to-end solar installation service, carrying out an assessment of the home, installing the panels, providing all customers with a CEPP (certificate of expected panel performance) to demonstrate the expected value of the panel if customers were to sell the property, and helping its customers apply for the FiT.
British Gas will implement this initiative in two ways:
- Customers can choose to have the panels installed for FREE under its “rent a roof” scheme. Under this scheme the householders will benefit from the electricity they generate although they will not own the panels and so British Gas will claim the FiT payments. The deal will only be open to British Gas customers and be limited to 1,500 installs to begin with.
- Customers can buy the solar panels outright and keep the FiT income themselves as well as benefitting from the electricity cost reductions. If this option is chosen, a two year 0% APR finance deal will be offered by British Gas, to help the customer pay for the system.
Financial expert, Jasmine Birtles, who has joined forces with British Gas to help consumers maximise their investment in solar energy said, “Installing solar panels will create a regular, tax-free income for homeowners. Not only that, but the income is index-linked and guaranteed by the Government for the next 25 years. As it typically gives returns of 5-8% it’s potentially far better than most current bond or gilt investments. It is also a great way to keep your electricity bills down. It seems like a win-win situation to me!”
Jon Kimber, Managing Director of British Gas New Energy said, “Solar power will revolutionise the way British homes generate and use energy. British Gas, the largest energy supplier in the UK, is leading the way, helping our customers reap the benefits of this technology to cut their electricity bills, reduce their carbon footprint and earn a yearly income. British Gas is already one of the largest installers of solar panels in the UK, and we intend to be the leading player in this sector.”
British Gas is an established provider of solar panels through its wholly owned subsidiary, Solar Technologies, and has been responsible for installing panels on many UK land mark buildings from London City Hall and the HSBC headquarters in Canary Wharf through to local churches such as St Silas’ Church in London.