Thursday, 3 November 2011

if you can afford solar panels, its win win!!!

  • Electricity bill savings. The Energy Saving Trust (EST) now estimates a typical 2.9kWp system can knock £90 to £180 off a family's bills, depending on system size, electricity use, whether you're at home during the day and other factors.

    While solar panels can produce 50% of a home's electricity, often much of this gets pumped back to the grid. If energy prices rise significantly over 25 years as they are predicted to, you'll save more.
  • Feed-in tariff payments. Back in 2010 the Government ditched grants for solar panels and replaced them with a generous scheme that pays for all the solar energy you produce, even if you use it yourself. The amount you earn depends on your system's size, but a typical payment could be £1,100/year (do your sums first).

    Bizarrely, earnings from this scheme massively eclipse the electricity bill savings. Its predicted payments will be slashed for people installing after 1 April 2011; this wouldn't be surprising, as the cost's effectively met by higher energy bills, so is a bizarre poor-to-rich subsidy.
as we said - We've heard strong industry rumours the rules may soon change, so if you want solar (free or bought), go quick.

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