| Posted on June 21, 2011 at 10:08 AM |
The offering of a free or reduced cost electricity-generating solar panel or ‘PV for Free’ as it is often dubbed is not a new development here in the UK. A number of organisations have announced their intention to go to market with such an offering including many of the ‘Big 6’ power companies.
Indeed, Scottish and Southern Energy recently offered such an approach to their customers but selection was predicated on the size of roof space available. It was however free for customers (if they chose this approach) and they would receive free electricity when available from the panel but no direct financial return. The revenue element would be retained by SSE and help offset the cost of the installation and SSE would also retain the lifetime carbon savings. It is, however, clearly a win-win for both sides and helps with a) the rollout of lower carbon energy generation and b) reducing the cost of panels overall by increasing sales.
However, it appears that the mighty Google is yet again looking to be a major player in this field, especially in the USA. They have invested $280 million in SolarCity, a company that offers a similar approach to US homeowners where they can choose a panel lease approach. This will see the homeowner pay for their panel out of the $100 per month savings made from their utility bill and over the lifetime of the panel they would save $16,000. A clever approach and one that echoes the looming Green Deal ethos coming to the UK.
Indeed, Scottish and Southern Energy recently offered such an approach to their customers but selection was predicated on the size of roof space available. It was however free for customers (if they chose this approach) and they would receive free electricity when available from the panel but no direct financial return. The revenue element would be retained by SSE and help offset the cost of the installation and SSE would also retain the lifetime carbon savings. It is, however, clearly a win-win for both sides and helps with a) the rollout of lower carbon energy generation and b) reducing the cost of panels overall by increasing sales.
However, it appears that the mighty Google is yet again looking to be a major player in this field, especially in the USA. They have invested $280 million in SolarCity, a company that offers a similar approach to US homeowners where they can choose a panel lease approach. This will see the homeowner pay for their panel out of the $100 per month savings made from their utility bill and over the lifetime of the panel they would save $16,000. A clever approach and one that echoes the looming Green Deal ethos coming to the UK.
