The UK’s Solar Feed-In-Tariff

Energy prices have risen drastically over the last few years, and are predicted to rise even higher over the next decade. Alongside this people are increasingly searching for an alternative to nuclear power, so they can power their homes in a more environmentally friendly way.

If you want to reduce your CO2 emissions, then solar PV panels can offer a realistic alternative to nuclear power to power your home or office. Due to the huge reduction in energy bills, having solar power already installed in your home can add 1% to the selling price of your home.

Solar power also has far reaching financial benefits. To get solar power installed in your home or office requires only the purchase and set up fees, and will require very little maintenance once up. But the benefits are huge, including a massive reduction in energy bills, by giving you the means to produce your own power from the suns light and radiation.

Since April 2010 there is even more financial benefit to using solar power. The UK Feed-In Tariff (or FIT) is available across England, Wales and Ireland, and is essentially a cash back system. The tariff means that any home or business generating its own energy through solar power, will be paid for this energy even if they use it all themselves. You will also be paid above the average rate of utility companies since solar power is more expensive to generate than nuclear power.

The tariff allows users the chance to make 44.3p for every unit of energy you sell back to the national grid, and a further 41.3p for each unit you use yourself. This regulation makes solar power a very beneficial alternative to nuclear. Solar power can reduce your bills, reduce your CO2 emissions, and make money with very little effort, regardless of how much of your generated energy you use yourself.

Find out more about the UK feed in tariff rates

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