Learn about PV export tariffs
Export tariffs are tied to buying PV solar panels today. PV adopters today get a rate of return for selling their surplus power. The power surplus not required by battery storage. Benefit from a generation export tariff that all traditional energy suppliers offer. From its original conception in 2009, the feed-in tariff scheme spawned a silent revolution.
We see this on the rooftops around the country today. Many who opted to invest in solar panels are now sitting smugly.
Those early pioneers have earned their place in the history books. The earliest PV adopters researched, and now reap the rewards. A courageousness that will benefit them for decades to come.
The incentive for PV systems lasts longer than your mortgage. A foresight that will counteract escalating costs of energy for up to thirty to forty years. Being the first to install solar panels turned out to be an astute move. The PV export tariff has gradually increased over time as battery storage, EV-charging, and tank heating technology are rolled out.
Export tariff rates vary across the energy sector and currently stand around 4.55 pence per kWh. However, this figure will be reduced further in the new year to 13.88 per kWh and inevitably again after that.
Adopting the tariff rate today could be the smartest thing you do this decade. Generated surplus electricity will still be benefiting you long after your current car model and the current crop of politicians have faded from memory.
The longevity of this technology, cannot be understated.
When energy prices rise, the incentive to install solar panels increase year on year, thus pushing more people to adopt solar panel technology. PV solar panels are already becoming the new shiny BMW in the driveway – that type of pride.
This may drive the final stage of photovoltaic adoption.
Solar panel envy is a real thing in the 21st-century.
I’m not sure if this is a real story or a modern-day urban myth, but I’ll share it anyway.
After installing a PV system on a bungalow, these proud homeowners were enjoying the feel-good factor that an installation brings.
After only a few days, they noticed their system had reduced output. Suspecting a fault, they brought back the installers to fix the issue – no problem was found.
The installers scratched their heads in confusion!
The system was still not producing any power.
At significant cost, the installers replaced the panels with new ones, and electricity generation was resumed. Again, after only a few days, the panels stopped working, and a very bewildered installers came back to investigate.
After yet more head-scratching, the installers informed the panel manufacturers of a potential fault with a batch of panels. Confused, the manufacturers sent an engineer all the way from Germany.
The panels were taken away for investigation. The penny finally drops after testing the panel’s outer coating. Residue samples were taken to a very expensive laboratory that found factor 50 Sunscreen.
The results confused both the installers and homeowners!
All questions were answered, when a digital recording of their neighbour, armed with stepladders and brush who deliberately smeared their panels with sunscreen. The neighbour was duly taken to court and found guilty of criminal damage.
It’s a great story, but if anyone can confirm its validity, then please let us know?