Saturday, 12 June 2010

Solar panels offered free of charge

Feed-in Tariffs (FITs) became available in Great Britain from of 1st April 2010. Under this scheme energy suppliers make regular payments to householders and communities who generate their own electricity from renewable or low carbon sources such as solar electricity (PV) panels or wind turbines.

The scheme guarantees a minimum payment for all electricity generated by the system, as well as a separate payment for the electricity exported to grid. These payments are in addition to the bill savings made by using the electricity generated on-site.

Once you have a microgeneration technology installed you should experience a monthly reduction in your electricity bill and then receive an income from your Feed-in tariff (clean energy cash back) provider. However, if you have taken out a loan to pay for the installation you will have to make monthly repayments to your loan company. Feed-in tariffs are designed so that the average monthly income from your installation will be significantly greater than your monthly loan repayment (with a 25 year loan). Use the cashback calculator to see how purchase price and loan can impact on payback times.

Cashback Calculator

1 comment:

Howie G said...

whats it like to live IN an electric car. Can yu still afford rent too? Impeach obama