We have received lots of interest from local and national PV installers to our pre-tender questionnaire. It is apparent that there is potential for a real group discount if we can get a few householders involved with our project. We have short listed to five installers and we plan to issue a tender as soon as we get some firm [though not absolutely binding] commitment from a group of people seriously interested in our project. We are widening the scheme to any home within Crediton and District, that is a radius of about 5 or 6 miles from Crediton.

Why install PV ?

Typically, given normal weather and for a medium sized array, the system would earn over £1,000 per annum , an 8 to 10% return on investment, a much better return than at a bank or building society. Repayment time could be about 10 years and the income would continue tax free and index linked for the guaranteed 25 years. With a loan, the FIT money should cover repayments and you would still get [increasingly valuable] free electricity which would continue after the loan is paid. Additionally you would be exporting renewable energy to the national grid and reducing your reliance on fossil fuel generated electricity. 

If you are interested in having PV installed and live in Crediton and District please get in touch, as the more homes involved the greater the discount we will be able to obtain.