Tuesday, 6 July 2010

Solar Electricity Feed In Tariff

It’s midsummer, the number of daylight hours is at its zenith and Britain’s fledgling solar-electricity industry is at its peak production. There is now a generous tariff paid for solar electricity exported to the grid, so putting panels up on your roof represents an excellent return on investment — between 5 and 8 per cent, depending on how far north or south you live. No wonder money pages and finance websites are recommending home owners install these income-generating mini power stations. No wonder installers such as PV Solar are putting up 25 systems every week and have over a million pounds’ worth of orders.

With the promise of clean, green, free electricity and a guaranteed income from it for 25 years, what’s not to like? Quite a lot, actually, say some, who are critical of the Feed In Tariff (FiT) system. There is an increasingly polarised debate between those who say solar PV must play a vital part in our future renewable energy mix, and those who say it is a horrendously costly scheme that ultimately subsidises the middle classes to put income-generating panels on their roofs. The system pays home owners 41.3 pence per unit of PV electricity they produce, while most people pay, at the moment, between 9 and 13 pence per unit for what they buy from the grid. Where will this enormous shortfall be plugged? In higher electricity bills for those not fortunate enough to afford the £20,000 outlay it costs to put panels up, say critics, including George Monbiot, the green campaigner, and the TaxPayers’ Alliance.

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1 comment:

Edward Robins said...

These panels are made from silicon and they convert the solar energy into renewable energy in the form of electricity.

solar panel