Background Despite the end of the Feedin Tariffs and the uncertainties around VAT and the Smart Export Tariff solar panels are an attractive investment for some people particularly the relatively welloff with high daytime energy consumption eg retirees and stayathome parents ID: 795651
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Slide1
Solar PV auctions
Supporting the SW solar market and unlocking private investment in renewables
Slide2Background
Despite the end of the Feed-in Tariffs and the uncertainties around VAT and the Smart Export Tariff, solar panels are an attractive investment for some people, particularly the relatively well-off with high daytime energy consumption (e.g. retirees and stay-at-home parents)
Example:
4 kW system generating 4,000 kWh per year
Cost ~£4,000
Household uses 50% of energy generated, saving £300 per year
Export earns £50-100/year
11-year payback if paid for from savings rather than financed
Slide3Solar auctions
Lower cost = shorter payback
£4,000 = ~11-year payback
£3,600 (10% discount) = ~10 years
£3,000 (25% discount) = <9 years
Bulk purchasing could reduce the cost and encourage more people to invest
Several councils have run solar auctions in the last few years
London (13 boroughs)
Norfolk/Norwich
Suffolk
10-35% cost reductions achieved and ~1,000 installations per auction
Slide4Slide5How does it work?
Stage
iChoosr
Community Leader(s)
Marketing
Designs engagement letter
Builds local online portal
Contacts 100,000 households identified as potentially suitable for PV and able-to-pay
Expressions of interest
~5,000 register interest and provide details on house
Installer qualification
Takes interested installers through qualification process
Auction
Installers submit price based on registered interest
iChoosr appoints 1-2 installers at agreed price
Offers
Householders given bespoke offer, subject to survey. They amend, accept or decline. ~1,000 accept.
Installation
Installers deliver over 6 months
iChoosr manages independent quality checkers and complaints.
Householder pays on completion.
Completion
Installer fee paid per completed install
Shares fee with Community Leader(s)
Shares installer fee
Slide6Costs
£30-40k for marketing (upfront, at risk)
Partially or fully recouped via installer fee paid on each completed install (6 months after auction)
Potential for surplus income if very successful
Slide7What about people who can’t afford the upfront cost?
This is an able-to-pay scheme
Householders could pay for panels with finance, but this will reduce the payback
We are in a climate crisis and we need to put solar panels on as many roofs as possible, as quickly as possible. To do that, we need a stable and large solar PV market.
Focusing on able-to-pay helps deliver carbon savings immediately and support local PV installer market
Slide8Can we make it happen in Bristol?
A Bristol-only scheme would not be viable, would need to be regional
West of England councils and SW Energy Hub (run by WECA) have been talking to iChoosr, so they seem keen
BEN/BEG haven’t had discussions with any of the councils about it yet
Slide9What could BEN/community energy’s role be?
Engagement letter is standardised and iChoosr have good feedback on it so prefer not to mess with working model
Community energy groups could complement this engagement to increase participation
£30k for engagement letter then £5-10k shared between community groups to do more in-depth engagement?
Integrate with existing activities, co-branding as partner?
Could unlock households that have been missed
Could measure success by tracking installs that have come about through/with support of community energy groups?
Relationship building could increase participation in future auctionsOther? Discuss!
Slide10Next steps
Discuss and agree potential role for community energy (today)
Arrange meetings with local authorities/SW energy hub to discuss potential role
Slide11Questions for discussion
What could community energy’s role be?
What would we need to do that role (funding, resources)
Who needs to