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08 Jun: I have two questions. Firstly I want to install Solar PV panels but I have no money available. It would be an absolutely massive benefit to me if a utility company could install the generation equipment on my home and I pay for it either through a higher unit price / feed in tariff or as a set cheap rate / interest free loan over say 5 or 10 years. This would also tie in the customer to your company long term. Is this something you are willing to look at?

Secondly, regarding smart meters, I think these are absolutely great. I read my meters daily so the smart meter would save me climbing in the cupboard. My concern is that smart meters will be used to work out an exact monthly payment – rather than the current system which allows bills to be spread over 12 months. Can you guarantee that smart meters will not be used like this?

Asked by Alan

Solar panels

Firstly – your question on Solar PV. You're not alone in finding the initial investment a hurdle for people wanting to install solar PV panels, but there is good news on the horizon for people like you.

 

npower is supporting a new government initiative which will make it much quicker to recoup the costs of purchasing solar PV panels, and possibly provide a loaning system to enable you to buy the system up front.

Like you suggest - the scheme will work through a new kind of tariff – called a feed-in tariff - where we will pay our customers a guaranteed rate for all the energy generated by PV panels (even though you will be using some of the energy in your home). The rate will be much higher than has been previously offered by such schemes. The high rate will mean that the initial cost of the solar panels will be repaid much quicker than in the past. It is also a guaranteed rate, so you can work out how long it will take to repay the loan.

The exact details of the scheme will be finalised later this year and it will be available early next year for people to take part.

Moving on to your question about Smart Meters. We will be able to see exactly how much energy every customer has used each month, but to make life easier and payments more manageable for customers through the winter period, we will still allow customers to spread the cost across the year and make regular monthly payments.

npower
Answered by npower employee at npower.

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