Octopus Vitality’s engineering arm, Octopus Vitality Providers, which has already put in electrical automobile chargers, air-source warmth pumps and good meters, is now additionally putting in photo voltaic panels. The corporate goals to shortly enhance the rollout, focusing on 5,000 installations by 2023. The brand new service is launching throughout the Midlands and the South, with the goal of increasing it nationwide within the first yr.
Along with the bespoke photo voltaic panel set up service, Octopus prospects can select from quite a lot of photo voltaic batteries, permitting them to retailer the inexperienced power they produce and promote it again to the grid when it is handy for them. them.
They’ve entry to what Octopus says are the UK’s highest paying power export tariffs:
Agile Outgoing hyperlinks the client’s payments to the wholesale power value of that day. In accordance with Octopus, that is the perfect export tariff worth in the marketplace. Between September 2021 and September 2022, prospects on this tariff have been paid 34p/kWh on common, with funds as much as £1.29/kWh final yr.
Mounted Outgoing pays the perfect fastened price export value within the nation. Prospects are paid 15p/kWh which is exported again to the grid – thrice greater than some other UK power provider (the following finest tariff gives 5p/kWh).
Octopus says prospects with photo voltaic panels and a photo voltaic battery who select the Agile Outgoing tariff can save as much as 90 p.c on their electrical energy payments in comparison with prospects on a typical variable tariff .
To make this successful, Octopus plans to create round 200 new inexperienced jobs of their photo voltaic division, from engineers and surveyors to tech assist and operations, and will probably be based mostly throughout the UK.
Octopus Vitality’s strong set up know-how and proprietary tech now permits eligible properties to exist with out power funds. By putting in photo voltaic PV, photo voltaic batteries and warmth pumps, houses can turn into ‘Zero Payments’ properties.
‘Zero Payments’ is an Octopus certification which signifies that householders is not going to pay a single electrical energy invoice. It was examined in an preliminary pilot by Ilke Houses in Essex, the place 22 eligible houses have been offered with the choice to turn into ‘Zero Payments’, with the goal of accelerating this to 10,000 houses by 2030.
“Due to the success we have had in scaling and putting in giant swathes of good, inexperienced residence power tech, we’re champing on the bit to start out putting in the ultimate piece of the puzzle, photo voltaic photovoltaic” mentioned John Szymik, CEO of Octopus Vitality Providers. “If extra houses within the UK produce clear, inexperienced photo voltaic power, we will speed up the power transition and decrease system costs for everybody by reducing system prices. In true model of Octopus, we are going to give attention to decreasing photo voltaic set up occasions to document ranges, hoping to quickly make photo voltaic panels inexpensive for everybody.
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