Material Price Falls Leave Householders Poised to Benefit Under New FIT Rates

Chapeltown, Leeds United Kingdom (PressExposure) February 27, 2012 -- Householders are looking to install Solar PV in Manchester despite the reduction in feed-in tariff rates as installation prices fall.

Octopus Solar have announced new reduced installation prices as a result of negotiating reduced material prices with our suppliers. Importers of panels and invertors have been forced to offer large installers of solar PV systems discounts in order to move on volumes of stock they committed to in summer 2010. Octopus Solar have passed on these reductions to customers looking for solar PV in Manchester. Customers have opted to cash in on the market uncertainty and benefit from the new feed-in tariff rate of 21p per kwh.

Wholesale prices of panels and invertors have fallen by around 10% in the last three months. Our reduced prices now allow consumers to benefit from a 16 panel, 4kw system from £11,000 installed. On a typical south facing roof this system will yield around £1,800 per year and provide a crucial cushion against anticipated double digit rises in energy in 2012.

Householders with Solar PV in Manchester will continue to benefit from a government feed in tariff rate of 21p per kwh. Based on a typical £10,000 system this would still give you a 15% yield based on the feed in tariff and energy savings. With the average interest rate on savings accounts languishing at around 3%, and energy prices increasing again, the choice is clear.

Energy savings by consuming the electricity you generate vary, as it depends on individual energy usage. Homeowners with light daytime usage will benefit the most, but householders can still benefit by a typical reduction of 50% of their electricity bill by moving as much usage to during the day. Typical examples being dishwasher and washing machine cycles, electric heating and cooking.

Octopus Solar Ltd have completed hundreds of installations across Yorkshire and Manchester over 2011. We're MCS accredited and experts in our field, as we have completed projects ranging from 4 panels up to over 100 panels on a wide variety of commercial and domestic buildings. We complete the average installation in less than 3 days with the minimum of hassle, disruption and mess.

The panels can fit onto tiled roofs, slate roofs or flat roofs. We also have a range of specialist fixings for commercial steel roofs. The fixing systems and panels are made of durable stainless steel and aluminium in order to withstand British weather. They contain no moving parts and need very little maintenance each year. The internal components are silent small and unobtrusive. They can usually be hidden in a loft void or cupboards.

Advances in technology allow panels to work at lower light levels and are therefore optimised for our great British weather - even solar panels in Manchester!

Call us today for a no-obligation quotation, which includes a comprehensive prediction of how much electricity the panels will generate in Feed in Tariffs, as well as save in electricity bills from your electricity provider.

For more information contact us at

About Octopus solar

Solar Panels Leeds- Octopus Solar is a leading solar energy company provides the installation of PV Solar Panels, PV Panels Leeds and Solar panels in Manchester, Leeds. We help customers to produce free electricity from solar panels installations throughout the Manchester & Leeds.

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Press Release Submitted On: February 27, 2012 at 6:09 am
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