You may or may not be aware that you can get solar photovoltaic panels supplied and installed for free on your house. You may not realize that this free solar party is not going to last long. Read on to find out why you should act now.
The UK government have created a feed in tariff which guarantees to pay micro renewable energy generators to produce green power. Power generated from solar panels pays the most on this tariff. The more green electricity that you generate the more you get paid.
Some entrepreneurial solar installers in the UK have realized how lucrative this tariff is and acted. They have realized that they can afford to give away a home solar system, install it and maintain it for 25 years and make money.
The deal that they offer is they will supply, fit and maintain your solar system in return for them being able to claim the feed in tariffs. At the current rate they can more than easily make their money back and in some cases double the return on their investment.
The reason the government has created this tariff is that they need to meet the carbon emission reductions fast and this is one of the quickest and cheapest ways to do it. This way the government does not have to invest any money in power generation infrastructure. They stimulate the economy as new jobs are created. More panels are manufactured bringing down the cost of solar.
The money for these tariffs actually comes from your electricity company. The energy companies are going to have to get the money to pay for these tariffs from somewhere and the cost is going to fall on the customers.
The tariff is also being reviewed in 2012 which means after that date the amount new installations may be lower. If you get the panels installed before then you can lock in the higher rates.
Electricity prices will go up and so by having a solar PV your electricity bill will be much lower. By not having solar you will be subsidizing people who do have it with higher electricity bills.
So you can see that acting sooner to either take advantage of the free solar panel or installing the panels yourself will put you in a better financial position in the future. After 2012 if the rate drops solar installation companies may no longer find it profitable to provide these installation for free. So act now before you miss the boat.[ad_2]
Source by Julia Greenburg