FAQs - Funding your Turbine
How long will the turbine take to pay back?
Payback times will depend on several factors and vary case by case. The main factor that will affect the payback time is wind resource. Additional important factors include the cost of your electricity, the amount that you are paid for the electricity that you generate and if you are eligable for grants for the project. Between five and seven years might be achievable or even exceeded. Often in remote areas a wind turbine is the lowest cost option for continuous electricity supply and payback will be instant!
Can I get grant assistance?
Possibly! Please refer to our website for further details and links to current grants.
Is it simple to apply for a grant?
The UK domestic grants are very straightforward. EU, business and community grants can be a bit more in depth and sometimes may be better completed by a professional for a fee.
How much can I get paid for the electricity I produce?
Payment for exporting electricity to the grid will vary depending on the country of your intended location, to find out more about the situation in your local market why not contact your nearest reseller or installer - you can find them by clicking here.
What are ROCs?
These apply in the UK only but other counties may have something similar. ROCs are Renewable Obligations Certificates and are a green certificate that you sell to electricity companies. At the end of the year electricity companies can offset the amount of toxins they have produced with these certificates. This betters the environment and ensures electricity companies are not penalised for not meeting their targets. To find out more about the situation in your local market why not contact your nearest reseller or installer - you can find them by clicking here.
Should I get paid for exported electricity?
It depends on the amount of energy that you generate and the amount that you consume. If you consume most of what you use as you have a high base load then there probably isn’t much point. If you could potentially export quite a lot then it may be worth spending the additional money on the meter – please see our export metering datasheet. In the UK it is possible to export but in other countries you should check with your electricity supplier if it is possible. To find out more about the situation in your local market why not contact your nearest reseller or installer - you can find them by clicking here.
what rate of VAT applies to me?
Each EU country has its own rates of VAT. In the UK there are three rates.
Standard rate - 15% Applicable to UK businesses and EU businesses without EU VAT number.
Reduced rate - 5% UK domestic householders
Zero rate -0% UK new builds and EU businesses with a VAT number, and other export sales.
For further information please contact your local reseller, or click the link below.
Is your question missing?
Please contact Proven Energy and your question will be answered.
