Residential News10

Earn Money By Using Solar Panels


Solar panels are an effective way to cut your carbon footprint and benefit the environment because the energy generated with them is green, renewable energy, therefore it doesn't release any harmful pollutants such as carbon dioxide back into the earth's atmosphere. The government offers the Feed-in Tariff as a way to reward the installation of solar panels on your property.

This incentive enables you to earn money for every kWh of energy that your solar panels produce, so not only will you be paid for the energy you use, you will also be paid for the extra energy you generate that you don't use. The energy you use (the generation tariff) can earn you between 5.94 p/kWh and 12.47 p/kWh depending on your system size and the energy efficiency rating of the property it is installed on. The energy you don't use (the export tariff) can earn you 4.85 p/kWh and you can sell back half of the extra units you generate.

Solar panels already save you money by cutting your electricity bills, so with the Feed-in Tariff rewards on top, installing solar panels could be one of the best financial decisions you ever make. You can make use of the Feed-in Tariff for 20 years and the money you receive is tax-free and rises with inflation. Over those 20 years, typically you could make up to a phenomenal £13,450. 

But you have to act fast to make the most of the scheme. Now that solar panel prices have become more and more competitive, the government will be cutting the amount of money you can earn from the Feed-in Tariff in March 2016. But if you install solar panels and register for the Feed-in Tariff before 1st March 2016, you will still earn the higher rate from the government. So don't delay! To make money, reduce your electricity bills and help the environment, contact us today to install solar panels at your property.