Why choose Solar PV

Solar PV is a great investment for the future. Not only will it help you save on energy bills and protect you against rising fuel prices, it will also generate a tax-free income payments through the government’s NIROC (Northern Ireland’s Renewable Obligation Certificate). Solar PV can provide you with a Return on Investment (ROI) of up to 12% - Tax free. 

If you have a solar PV system installed at home or business, it will automatically feed the power you’ve generated to your appliances, so a lot of the power you use during the day will be free. During the night times, or if you use more energy than you produce, your power supply will switch back to the grid. You won’t notice any disruption or change – just smaller bills.

 

How does this work

Your Return on Investment (ROI) is made up of three main areas:

 

1. Savings

Using the electricity generated by your solar panels reduces the amount of electricity you use from the grid, thereby reducing your electricity bills. You can use the electricity you generate without affecting your NIROC payments.

 

 

2. NIROC

In addition to your energy savings, you will receive an annual Northern Ireland Renewable Obligation Certificate (NIROC) payment for the electricity you produce, regardless of whether you use the electricity yourself or sell it back to your electricity supplier.

The Renewables Obligation is the main support scheme for renewable electricity projects in the UK. It places an obligation on UK electricity suppliers to source an increasing proportion of their energy from renewable sources.

For systems up to 50kWp, 3 Renewable Obligation Certificates (3 NIROC) are issued to generators for each megawatt hour (MWh) produced. Systems from 50kWp to 5MW are awarded a reduced 2 NIROC banding.

The value of the NIROC is currently set at 4.22p therefore for systems up to 50kWp producers are rewarded 12.7p for every electricity unit (kWh) they generated.

The rate of NIROC is reviewed annually. The following rates apply from 1st October 2014 until 30th September 2015 is 12.7p per kWh

Please note that the ROC price is not index linked and may be subject to fluctuations from year to year.

After we have installed, tested and commissioned your solar PV system, we will help you submit the NIROC’s application paperwork to Power NI. They will ask you to read your PV generation meter (which we supply and install) once a year. You must submit this meter reading to Power NI so they can work out your NIROC’s payment and issue payment to you.

These payments are made annually and guaranteed for 20 years.

 

3. Export

In addition to the savings on your energy bills and the NIROCS payment, you will also receive payment for any surplus electricity not used by you and sent back to the grid.

This is called an export tariff is the amount paid to the customer by the electricity supplier for any electricity not used on site and sent back to the grid.

After your Solar PV system is commissioned and registered with NIE, they will install an import / export meter to measure how much you export.

 

The export tariff is the amount paid to the customer by the electricity supplier for any electricity not used by you and sent back to the grid. Payments are made annually by Power NI.

The rate of export payments is reviewed annually. The current rate from 1st October 2014 until 30th September 2015 is 4.1p per kWh.