Octopus Vitality’s engineering arm, Octopus Vitality Providers, which has already put in electrical car chargers, air-source warmth pumps and good meters, is now additionally putting in photo voltaic panels. The corporate goals to rapidly improve 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 clients can select from a wide range of photo voltaic batteries, permitting them to retailer the inexperienced vitality 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 vitality export tariffs:
Agile Outgoing hyperlinks the shopper’s payments to the wholesale vitality worth of that day. Based on Octopus, that is the perfect export tariff worth available on the market. Between September 2021 and September 2022, clients on this tariff are paid 34p/kWh on common, with funds as much as £1.29/kWh final yr.
Mounted Outgoing pays the perfect mounted fee export worth within the nation. Clients are paid 15p/kWh which is exported again to the grid – thrice greater than some other UK vitality provider (the following finest tariff affords 5p/kWh).
Octopus says clients 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 clients on a typical variable tariff .
To make this a hit, Octopus plans to create round 200 new inexperienced jobs of their photo voltaic division, from engineers and surveyors to tech help and operations, and will probably be based mostly throughout the UK.
Octopus Vitality’s strong set up expertise and proprietary tech now permits eligible properties to exist with out vitality funds. By putting in photo voltaic PV, photo voltaic batteries and warmth pumps, properties can change into ‘Zero Payments’ properties.
‘Zero Payments’ is an Octopus certification which implies that owners won’t pay a single electrical energy invoice. It was examined in an preliminary pilot by Ilke Houses in Essex, the place 22 eligible properties had been offered with the choice to change into ‘Zero Payments’, with the goal of accelerating this to 10,000 properties by 2030.
“Due to the success we have had in scaling and putting in giant swathes of good, inexperienced house vitality 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 properties within the UK produce clear, inexperienced photo voltaic vitality, we will speed up the vitality transition and decrease system costs for everybody by decreasing system prices. In true model of Octopus, we’ll concentrate on lowering photo voltaic set up occasions to report ranges, hoping that quickly photo voltaic panels could be inexpensive for everybody.
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