Solar Panel Feed-In Tariff
- Earn £1200* a year with the new Feed-In-Tariff
- Get paid for generating your own electricity through the Government backed Feed-In Tariff when you install a solar electric system with The Green Home.
- Tax free, inflation beating and Government backed - there is no safer and lucrative investment.
What is the Feed-In Tariff?
The Feed-In Tariff is an incentive for households and businesses to install renewable technology which generating green electric. This scheme began on the 1st of April 2010, modelled on the very successful programs in Germany and Spain; it pays the household a fixed amount for every KWh generated from low carbon sources such as solar electricity panels (PV) or wind turbines. This scheme is funded by the UK’s energy suppliers (compulsory for nPower, EDF, E.ON, British Gas, Scottish Power and Southern Electric) who make the regular payments. It guarantees a minimum payment for installing the system as well as a separate payment for any electric exported to the grid. These costs are then passed onto consumers. So right now you are paying for someone else to benefit from Solar Panels.
How much could I earn from the Feed-In Tariff?
Through the Feed-In Tariff you could earn 43.1p* (April 2011) for every KWh generated over a period of 25 years, whether you use the energy yourself or export it to the national grid for an additional 3p. A 3kW PV system with half the of the electric going to the grid, generating 2,000 KWh a year will earn you £850 a year with the Feed-In Tariff, this doesn’t even include how much you save by not paying for electric.
Why is renewable technology such a great investment?
The typical cost of a 4 KWpPV system varies between £13,000 to £15,000 (Product quality and installation dependent). Within one year of installation, the income from the Feed-In Tariff and exported energy to the grid is £1,707. This is a return of 12%* on your investment. The average return on the FTSE 100 in the past 10 years has been 10%, the best savings rate currently available on the high street is 2.9%. In addition the money received through the Feed-In Tariff is inflation beating throughout the 25 years, the tariff increases each year according to the retail price index, so you will never lose out to inflation. What’s more, your investment is secured by the Government, resulting in the lowest risk possible to you. Estate agents recognise the benefits of renewable installation, resulting in a higher value to your property, consequently many mortgage lenders are happy for their customers to remortgage (currently at a rate of 2-4%) to take advantage of a 12%* return on their investment.
The current rate from the Feed-In Tariff expires on 31/03/12, with a new tariff 10% less than the original taking over. Waiting could see you lose £4,000 over the lifetime of the tariff. Apply now to maximise you return. For more information on how much you could make with Feed-In Tariffs please visit Energy Saving Trust and call The Green Home to discuss your requirements.
*Are based on calculations from Energy Savings Trust website, using the current Feed-in Tariffs, 4KW producing 3,000 kWh a year
