Sunday 2 May 2010

How to generate profit and power from home

WHILE many people think the future of the global environment is in the hands of the younger generations, a new breed of “pensioner greens” are demonstrating that all ages can play a part - especially if it makes good financial sense.
Ken and May Brock are among those who are taking advantage of a new Government scheme which provides a long-term, guaranteed income for all the small-scale renewable energy they can generate - regardless of whether it is fed into the grid or used in their own home.

The scheme is aimed at helping to achieve a target of the UK producing 15% of its electricity from renewable sources by the year 2020.

It pays homeowners for each kilowatt–hour of electricity produced from renewable sources - about four times the market cost.

The new “feed-in” tariff became effective from April 1 and makes a great deal of economic sense for those willing and able to make the investment in technology such as solar panels, photo-voltaic cells or small wind turbines.
The Clean Energy Cash-back scheme is open householders, businesses, communities, farmers, schools and hospitals - anyone who want to generate “green” electricity from renewable installations up to five mega-watts in size (equivalent to two large commercial wind turbines) although the payments vary by technology and size.

Pensioners on a fixed income but with savings are among those who are often in a position to introduce green technology – not only to save money but to play their part in reducing the national reliance on power stations which burn fossil fuels, producing global warming gases.

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