How long does a PV solar system last?
With a good quality PV system, it will easily last 30+ years and it has recently been proved that PV solar installed in the 1960’s is still working. 20 years warranty applies on our PV systems. The longer term benefits of a PV installation Now, the costs of installing a system. A modest but well-sited 1.8kWh PV system, suitable for an average, costs about £11,500. Deduct £2,500 from the £10m in the grant kitty before April, if you are lucky and the cost is £8,000. You can expect to earn £657 for the feed-in tariff and an extra £45 from electricity sent back to the grid and save £118 on your annual electricity bills. The panels would pay for their costs in 10 years, though you would not have your capital. If you did have £8,000 in the bank, as the years tick by, solar slowly catches up, and overtakes the bank deposit by year 26. After 30 years, compound interest would turn the £8,000 in a savings account to £27,568. Assuming the money from solar (the feed-in tariff and electricity savin
