The director of Stove Shop Renewables, Neil Austen, gives us his views on the coming year.
Tell us what the last 12 months has meant for your business.
The past twelve months has been spent developing the renewable side of our business, in response to the new government renewable energy initiatives.
What new products or services are you offering your customers?
We have recently discovered a new generation of PV-T panelsthat produce electricity and hot water. Cooling increasing electrical output whilst producing hot water, thus tapping into Feed-In-Tariff and Renewable Heat Incentive payments, all in one product. As recently seen on Channel 4’s Grand Designs, this new panel increases the efficiency of the monocristaline Photovoltaic cells by some 20% by having a watercooled back.
What do you see as your unique selling point?
Stove Shop is the South West’s only supplier of these PV-T panels. In the current economic climate, where energy costs are ever rising, switching to a PV-T energy supply will save you around 50% on your energy bills and earning you additional payments from the national grid.
How are you feeling about the forthcoming year?
2011 will be an exciting one for us; when the new Renewable Heat Incentive is launched in June 2011, our PV-T panels will attract both payments from the Feed-In tariff and RHI payments. With the schemes being guaranteed by the government for up to 25 years, the general consensus is that the cost of PV-T panels will be recuperated in around 7 years; allowing up to 13 years of profit to be made, by you!
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