Invest in Solar Panels?
Installing solar panels is an excellent investment and one of the best you will make, protecting and saving money on your energy bills in the future..
Investing in a solar power system for your home means you will be getting paid for producing electricity, which you can use for free.
This provides a great return on the initial cost of the installed Solar PV system and also protecting yourself from future, rising energy costs.
The principal of the scheme if for you the consumer to be rewarded for generating your own energy by your electricity provider.
This obviously comes at a cost to your energy provider, so the only way they can offset this cost is to increase the future prices of your electricity bills.
By installing your own Solar PV system, you are protecting yourself in the future against these price increases.
How Does Investing In Solar PV Work?
Up to eighty per cent of the homes in the UK have the potential to generate solar power. Some homes can produce more electricity than others, click here to learn more about the suitability of solar power for your home.
On average, dependent on what level of panels you select, your solar system will have paid for itself within 5-7 years, guaranteed for 20 years. After that, any income is pure, tax free profit. All tariff's are also increased yearly in line with the current rate of RPI.
If inflation and the cost of electricity continue to rise, the payback time will be even shorter.
By investing in solar yourself it means that you completely own your Solar PV System and therefore all of the earnings from the energy that it produces.
The government-backed Feed-in Tariff (FIT) scheme has been set up so that you will get paid for producing energy regardless of whether you use it or not.
This free, green electricity feeds directly into your home, so you will also benefit from lower electricity bills.
Benefits Of Investing In A Solar PV System
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Tax-free*, inflation-linked incomeUnder the government-backed Feed-in Tariff scheme, as a homeowner installing PV you will receive a tax-free* payment for all the energy that your system generates for the next 20 years. Click here to learn more about the Feed-in Tariff. |
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Free electricity from solar powerOnce your system is installed, the electricity it produces can be used in your home to power your applicances, significantly reducing your energy bills. |
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Protect against future energy price increasesBy generating your own energy you can future-proof yourself against rising electricity bills. As prices continue to increase, your savings will be greater. By installing Solar PV you are rewarded by your electricity provider with. Those who choose not to, will have the problem of dealing with very high future electricty bills. * tax free so long as you are the homeowner and not renting the porperty out |
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