Feed In Tariffs – what you need to know

Some home owners are getting projected earnings of up to ten percent on their solar investment. You can sell your surplus power back to the grid, making you money on your original outlay. Owning a solar power generating unit can with the aid of Feed in Tariff’s generate you significant returns. Some* analysts have suggested that over two years 10 percent return could be achieved every year for two decades. What has changed solar into being a economic decision from just a “green” yes is the introduction of the FIT (Feed In tariff). Introduced in April, the FIT allows you to generate your own power and get paid to do it. The FIT (Feed in tariff) pays 41.3p per kilowatt hour (kWh) for existing builds and 36.1p per kilowatt hour for new builds with 3p over above for the power fed back into the grid. One great thing is that the FIT is linked into inflation and linked into the RPI (Retail Price Index) so that means your investment will keep pace with the rising inflation and is smart way to do your bit for the environment and your pocket.

It has been estimated that by 2020, nearly a million homes will be generating their own power. Perhaps the easiest installation is the addition of Solar Photovoltaics (PV) to a south facing south. They require little maintaining and are fairly easy to install and because they have no moving parts there is little need to service them which results in a lower total cost of ownership.

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