Wirral, UK Stiebel Eltron, a microgeneration product specialist, is embarking on solar PV with a range targeting homes and businesses with an eye on their country’s new Feed-in Tariff (FiT).
German-owned Stiebel Eltron, known for its heat pumps, claims its foray into solar energy will appeal through a 10-year guarantee and a high performance of 90 per cent of original specification for 12 years and 80 per cent for 25 years.
But UK managing director Mark McManus said Stiebel Eltron will vigorously target consumers tempted by the UK government’s new Feed in Tariff, introduced in April. The company estimates that a well sited 2.5 kW PV installation can generate £900 ($1400) a year from contributing to the UK grid as well as a saving of up to £140 ($220) on electricity bills.
“We know many property owners are being seriously incentivized to install solar PV by the FiT,” he said.
“OFGEM figures show a sharp increase in demand for solar PV with 6930 panels being installed in the domestic sector alone since April. Our product is designed to be one of the most efficient on the market. It will be aimed at the domestic sector, social housing and public bodies like hospitals, schools and councils. We will further be targeting private businesses looking to cut their carbon footprint and take advantage of the FiT.”
Mr McManus said solar PV would be most effective in cutting carbon and energy bills if used in combination with other green energy products such as heat pumps, wind turbines, insulation and rain water harvesting.