IKEA launches sub-£5k solar deal
IKEA and Hanergy make solar energy an affordable reality for all
Home furnishings expert IKEA has teamed up with global solar giant Hanergy to make it easier for families across the UK to lead a more sustainable life at home
Homeowners across UK want to save money on energy bills by installing solar panels but are put off by the price. No surprises there.
IKEA quizzed shoppers on sustainable living and discovered many were in the dark about solar energy. Only 6% of homeowners said they had already made the switch to solar panels with almost two thirds saying they were put off by the cost.
The research identified a number of concerns including the “ugly” appearance of solar panels and also confusion around whether there is enough sunshine in the UK to power them. Britons also dramatically underestimated just how much they might earn and save on energy bills with 29% believing they would only save up to £100 whereas the true figure is over £700 a year.
Peter and Jane Gray, Kent
“Our main motivation for getting Solar Panels was to save money on our electricity, and whilst we did shop around we found system offered through IKEA and Hanergy to be the best value. The whole experience was excellent – everything was perfectly explained so we understood exactly what was expected. We thought that the team that they have in IKEA and the work force installing the Solar Panels were all excellent.”
Now, in a move designed to bring home solar further into the mainstream, the retailer has teamed up with Hanergy, the solar energy giant, to offer a full solar installation service to its customers at a price they can afford directly from the high-street, cutting out the middle-man. In keeping with the home furnishing company’s commitment to keeping all its prices low, IKEA Family Members can now purchase a standard 3.36kW photovoltaic (PV) system for a semi-detached home for £5700, inclusive of VAT or opt for the leading solar finance package in the UK and pay nothing upfront. Resembling flat screen TVs, the next generation all-black Hanergy solar panels are among the most advanced models on the market.
The nationwide initiative kicked off today at IKEA’s Southampton Store in Quay Road and will be rolled out in all 17 IKEA stores across the UK within the next 10 months. IKEA stores across the UK will be dedicating space in store for solar energy experts Hanergy Solar UK to showcase the very real financial benefits of home solar panel systems and enable customers to touch and feel the equipment themselves. In July 2013 a successful pilot began in the Lakeside store, where a PV system is now sold almost every day.
Hanergy, the world’s largest thin-film PV company and solutions provider, has turned its focus to making it easier for homeowners to go solar at the lowest possible price. The full solar service they are now offering in partnership with IKEA will include an in-store consultation and design service as well as expert installation, maintenance and ongoing energy monitoring. Latest figures from Hanergy show that owners of an average semi-detached three-bed home could earn as much as £768* a year through reducing their bills and being paid for the energy they generate under the Government-backed Feed-in Tariff Scheme (FiT). A home solar system remains one of the best investments homeowners can make today with a 14% return, allowing people to pay for the system in roughly 7 years.
IKEA has a long heritage in developing and promoting products and solutions that help its customers save energy, reduce or sort waste, use less or recycle water – all at the lowest possible price.
Commenting on the announcement, Joanna Yarrow, Head of Sustainability IKEA UK and Ireland said: “At IKEA we’re excited to be able to help customers take positive actions at home for both the environment and their wallets. We know that our customers want to live more sustainably and we hope working with Hanergy to make solar panels affordable and easily available helps them do just that. Evidence shows that installing solar panels enables homeowners to cut their energy bills by up to 50%, and it takes on average only seven years (at current energy prices) to recuperate the money spent on the solar units. We want to make a greener, more sustainable way of life attractive and easy for as many people as possible, so in addition to our collaboration with Hanergy, we’re dedicated to expanding our range of sustainable products that help customers save energy, water and sort waste fourfold by 2020.”
The Hanergy solar offer brings a number of unique benefits direct to homeowners throughout the UK:
- Low cost solar PV finance available in the UK allowing customers to pay nothing upfront
- Next generation ‘all black’ solar PV panels that look much better on the roof
- Highly trained Solar Advisors who can design a PV System specifically for a home using a simulation tool from within the store
- Straightforward 9-step installation process, fully managed by a personalised Hanergy Web Portal
- Free monitoring system to measure an individual home’s electricity generation and consumption, accessible via the internet or smartphone
Commenting on the new initiative, Toby Ferenczi, co-CEO of Hanergy Solar UK said, ”Our collaboration with IKEA has the right ingredients to become a significant step forward for the renewable energy industry. Both Hanergy and IKEA are convinced that we have the best package for customers on the market to allow homeowners across the UK to profit from energy independence.”
Shoppers can find out more by visiting their participating local IKEA store and speaking to a Hanergy Solar Advisor or by registering their interest and getting a free estimate by visiting Hanergy.co.uk/go-solar. The scheme is being rolled out to all IKEA stores in the next 10 months.