The UK should have 10 million homes with solar panels before 2020 if the Government is to fulfil its renewable energy targets. In order to hit these targets the Government is incentivising homeowners with huge savings on their energy bills and tax free cash earnings.
The government is rumoured to be considering the future of these incentives as experts are now suggesting that solar pays for itself with a combination of low installation costs and high energy bill savings.
If you are thinking of installing solar panels, you will want to do it sooner rather than later whilst you can still receive the generous tariff payments from the government. The tariff rate gets updated every three months with around a six month notice period on any changes.
Once you get your solar panels, you ‘lock-in’ your guaranteed payments for the next 20 years regardless of what happens to the tariff in the future.
Benefits of Solar
There are various benefits to installing solar panels on your roof including tax free, government backed earnings and large savings on your energy bills.
Top 5 Benefits
Earn £13,450 from the Government feed-in tariff. Not only does the Government pay you for the energy you generate and use, but also the energy you don’t use.* this money is TAX FREE and rises in line with inflation
Save 50% on your energy bills per year because the electricity you use when your solar panels are in use is 100% FREE
Protect yourself from the rising energy costs and stop being dependent on large energy companies. You generate your own electricity!
Reduce your carbon footprint and start doing your bit for the environment
Add value to your home – Estate agents are now looking at solar panels as a revenue generating asset
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Author
Carol McDonald