Tesco aims to boost confidence with solar sale
Tesco is looking to engage its customers in renewable energy and reignite interest in solar energy by launching a competitive offer on solar electricity systems.
As part of its Home Efficiency Campaign, Tesco is offering 20% off its solar systems, which it says will still benefit from the Government’s Feed-In Tariff (FIT) scheme – if installed before the next FIT subsidy reduction on July 1.
According to Tesco, using one of its 3.92kWp system domestic users could earn up to £706 per year in FIT payments based on the current rate of 21p per kWh.
Tesco Home Efficiency manager Adrian Wright, said: The recent changes in the Feed-in Tariff and the high profile legal battles that followed caused confusion and have been damaging to the solar industry.
“Tesco is looking to help restore confidence in solar and this 20% promotion means that our largest solar system is now less than half the price it was back in December, giving Tesco customers a rate of return equal to or higher than when the Feed-in Tariff rates were at their highest.”
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.
Please login or Register to leave a comment.