British Gas: EV + PV saves you money

b-gas-solarBritish Gas recently released statistics that suggest the financially beneficial potential behind using fully electric cars in comparison to gas-based cars.

According to the statistics, EV drivers could save up to £1,700 ($2,645) by using a typical 2.52 kW solar panel system.

This system, which costs approximately £11,500 ($17,893) to install, would end up costing the average 12,000 mi/yr driver about £5 ($7) per 1,000 miles compared to a gas car, which would cost about £150 ($234.)

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Feed-in tariffs
Along with the lower operation costs, the British government provides feed-in tariffs (FITs) for about £1,000 per year to those who use solar.

Between this FIT and the fuel costs averted, five years of owning an EV would result in about £13,500 ($21,005) saved, £2,000 ($3112) more than the system originally cost to install. In five years, British Gas argues, such a solar system could pay for itself.

According to EnergyEfficiencyNews.com, Dean Keeling of British Gas Smart Homes stated, ā€œThrough solar-generated energy, our customers can significantly cut their fuel costs. Solar-charged vehicles have real potential on our roads.ā€

In accordance with their findings, British Gas has partnered with Nissan and the Nissan LEAF in order to start installing home charging units for the electric vehicle. The company also has a variety of other solar options for its customers.

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