Cash back for clean energy

July 5, 2011 · Posted in Environment 

According to the Energy Saving Trust, a typical home solar photovoltaic system can generate around 40% of the electricity a household uses. You can take advantage of the Government feed-in tariffs for solar electricity of 37.8p for every kWh you generate (for new build) or 43.4p (for retro fit). This tariff applies for all new installations of less than 4 kW up to the end of next March. The tariff is guaranteed for 25 years and will rise in line with the Retail Price Index.

Your home-generated electricity is free for you to use. Then any electricity you don’t use is fed back into the grid and you get paid for it. The feed-in tariffs have been set at a level which should enable anyone investing in the installation of renewable energy to make around a 7% return on the investment over its lifetime. Not every house is suitable for solar panels, you need a roof or wall that faces within 90 degrees of south and is not overshadowed by trees or buildings. Solar panels are heavy and so the roof must be strong enough to take their weight. For free impartial advice, please see this website www.energysavingtrust.org.uk.

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