Solar Panels Grants
Top 3 benefits of the feed in tariff
• 100% Free Electricity
• Guaranteed tax free £25,000+ incentive over 25 years
• Index linked to inflation
How much does the feed in tariff currently pay for electricity generated from solar panels?
• Electricity generated and used is paid at a rate of 41.3p per kWh
• Electricity generated and unused which has been fed back into the national grid is paid at a rate of 43.3p per kWh
Solar panel grants did not provide enough enticement for most home owners to be able to recognise the benefits of investing in solar PV panels for their home. The government feed in tariff scheme however provides a long term incentive of over £25,000 instead of just a one off payment that solar panel grants had previously provided.
An average solar panel installation will provide free solar electricity and an average tax free income of a £1,000 per year, a guaranteed payment term of 25 years and a return on investment of around 8.3% per year.
Hot water solar panel grants
Home owners who invest in Solar heating systems are also able to benefit from another alternative to the previously offered solar panel grants scheme. This new scheme is called the renewable heat incentive scheme and is to be launched in June 2011 and be provided to home owners for maximum of 20 years.
The renewable heat incentive offers a rate of 0.18p per kWh for hot water that has been generated from solar power.
If you would like to get further information and pricing for solar panels for your home, request your free solar energy home survey now!
We will put you in touch with up to 3 fully accredited and reputable solar panel installers in your local area.
Our free solar panel grant information and competitive price comparison service has helped thousands of UK home owners reduce their energy costs and obtain the most competitive home solar panel prices.