Tesco puts Solar in the spotlight with 20% Summer discount

19 Aug 2011

Tesco announced that it is slashing the price of its solar electricity systems until the end of August with a 20 per cent discount as part of the Tesco Solar Summer, its new home energy efficiency campaign.

Tesco announced that it is slashing the price of its solar electricity systems until the end of August with a 20 per cent discount as part of the Tesco Solar Summer, its new home energy efficiency campaign.

“Tesco is committed to helping its customers save money and energy by providing them with cost-effective energy solutions,” stated Andrew Brocklehurst, Greener Living Category Manager.

The 20 per cent discount is available until 31 August and alongside the Government’s Feed-in Tariff allows solar electricity customers to receive an annual payment of up to £1,509 1 cash back in the first year and an overall tax-free profit of more than £55,000 over the next 25 years 2.

With energy prices rocketing, homeowners can also benefit from using the free electricity generated by the panels in their own households, which could save an additional £219 3 per year.

“We are delighted to launch the Solar Summer campaign and offer our customers 20 per cent off the price of installing a solar electricity system in their home,” continues Mr. Brocklehurst.

“The Solar Summer will be followed by the launch of a wider range of products available through Tesco Home Efficiency, which will continue to help our customers reduce the cost of everyday living. With recent energy price rises of up to 16 per cent, we want to offer our customers a range of products which can help them cut their bills.  As a major retailer we want to ensure we offer our customers a range of products to help them achieve this,” he added.

First launched in 2008, Tesco Home Efficiency is designed to help homeowners reduce their electricity bills and save money by offering a range of measures that includes insulation and solar energy.

Tesco will also soon be extending its range of products to include high efficiency boilers, double glazing, external wall insulation and a range of next-generation low energy light bulbs.

Under the Feed-in Tariff, energy suppliers pay homeowners for every unit of electricity their solar systems generate, whether they use the electricity in their home or export it to the National Grid. With the Feed-in Tariff rate set to drop every year from April 2012, Tesco has cut its prices to make investing in solar more affordable and therefore ensuring as many customers as possible can benefit from the optimal generation rate.

Available from the Tesco Home Efficiency website by quoting promotion code TESS20, the 20 per cent discount makes the Tesco scheme one of the most competitive solar electricity packages on the market.

For more information on the Solar Summer campaign and Tesco’s full range of energy efficient products, visit http://www.tescohomeefficiency.com/ or call 0800 321 3456.

 

1 Based on the installation of a 3.92kWp system on a south-facing roof in the Midlands.

2 Based on a 3.92kWp system and assuming an average Retail Price Index of 5%.

3 Based on customer using 50% of the solar electricity at 13p per kWh saved.