A PV solar panels gold rush

If you’re reading this, you are fortunate. You could benefit from a generation tariff scheme for PV solar panels.

Introduced in April 2010, the scheme was designed to kick-start the solar panels industry in the UK within both domestic and commercial sectors. The feed-in tariffs are divided into two sections and are known as the ‘Clean Energy Cash Back Scheme’ for photovoltaic solar panels

The ‘Renewable Heat Incentive Scheme’ for the solar heating panels is available.

So why are you lucky?

Well, there is only a small window of opportunity to receive a maximum feed-in tariff rate. This currently stands at 15.44 pence per kWh of power generated (even if used) and 43.3 pence per kWh if exported to the National Grid.

This current, maximum rate will only be available to homeowners until April 2013 but may end sooner if demand for the scheme becomes too high.

Current adoption rates for solar panels suggest that the feed-in tariff scheme is becoming successful, and the maximum rate will lower itself before the original 2013 date.

Stuart Lovatt, the founder of Power My Home, adds, “The way the world is going, solar panels will eventually come into everyday use as a way of reducing dependence on high energy costs. It will only be a matter of time before most homes adopt the technology, probably within a decade.

What people have to decide is whether to install as soon as they can, and take advantage of the maximum rate feed-in tariff, which gives a much shorter period to pay for itself, or install later, out of necessity, and receive the much lower rate of a tariff which later adopters will get.”

The tariff rate is anticipated to be 34.4p, then 25.6p, until it falls to 21.5pence per kWh over the coming years. An average PV solar panel system can cost upwards of £12,000, however, over the 25-year time scale of the feed-in tariff scheme.

You could make a profit of 100% by earning over £1,030.00 per year from the scheme, making it a better investment than keeping your money in the bank. Apart from the green ecological aspect, you will save over £90 per year on your energy bill, and find that your home increases in value.

This method is the preferred method for most homeowners. We will always recommend that you take advantage of the feed-in tariff for yourself.

Free solar panels offers

If you don’t have thousands of pounds to spare, then there is another option. Free solar panels available through the new FIT Scheme means that a solar company can install free solar panels on your roof.

You may benefit from lower energy bills if you use your home during daytime hours. However, later adopters will benefit less. Companies who offer these free solar panels will undoubtedly collect your feed-in tariff payments instead of yourself and rent your roof space for the privilege.

Please beware, however. If you decide to sell your house anytime within the 25 year period of the tariff scheme, having another company’s solar panels attached to your roof, which cannot be part of the sale, may put off any potential buyers. With this method, it is only advantageous if you work from home, or are at home during the day or the benefits of the panels will mostly go to the solar company that owns them.

Stuart Lovatt concludes, “Various options are opening up to you and your family, enabling you to take advantage of the new green energy industries currently opening up in the world. I feel lucky to be a part of such an exciting new energy world.

You, the reader, will feel lucky to be able to pioneer and benefit not only financially, but the benefits are so kind to new adopters.” Lots of solar panel adopters who have already taken the plunge always feel a sense of pride in being one of the first. Be the first on your street!