Why Use Solar
For centuries we have harnessed the power of the sun but it is only recently that we have been able to trap and store that power effectively.
Photovoltaic (PV) panels or solar panels as they are more commonly known, use the energy from the sun to generate electricity with no waste and no emissions. This can then be used to run appliances and lighting.
Importantly for the UK, solar panels do not rely on direct sunlight to work – as long as there is daylight, power will be generated. If your home produces excess power and your Solar Panels are connected to the mains, then electricity can be transferred back to the UK national grid – if your supplier has a scheme that allows this.
Feed in Tariff
With the introduction of the UK government's "Feed-In-Tariff" in 2010 there is no better time to consider Solar Panels.
The Sunday Times ranked it as the 5th best investment opportunity!
The feed-in tariff is made up of three elements:
A fixed payment from your electricity supplier for every kilowatt hour (kWh) your system generates. This is called the generation tariff.
A guaranteed price for any surplus electricity that you do not use on site, and export to the grid. This is called the export tariff and will also be paid by your electricity supplier. For small installations this will be deemed to be half of what you generate.
In addition, as you use electricity generated on site you will need less from the national grid – so your energy bill will be lower.
The rate is indexed to the retail price index for the life of the tariff. It is tax-free for domestic installations which generate electricity mainly for their own use.
Benefits at a glance:
- Get paid up to 13.39p per KWh of all electricity generated.
- Export fee of upto 4.85p/KWh.
- Index linked.
- Tax free (for domestic users).
- Saves you money.
- Guaranteed by the Government.
- Minimal maintenance required.
- Lifespan of 30yrs+.
- Adds value to your property.
- Carbon reduction.