There are 2 main elements to how the feed in tariff can earn your investment a good rate of return:
a) The income you are paid for producing the electricity ( around £1,000 for a typical install ).
b) The savings you make by not buying the energy from your energy company.
It is clear that the long term solution for the UK energy market is for people to install solar panels on their roof and become independent of the energy companies.
The feed in tariff will lead to a significant increase in the number of homes having solar panels on their roof. The main points to note about the feed in tariff are:
- 25 years scheme
- Income is tax free
- Earnings are index linked
- Energy companies are obliged to buy the energy you produce
The Big Green Company company see the feed in tariff as the way to get the solar panel market in the UK moving. In response to this, we have opened our new solar panel centres which feature:
- Full working displays of Solar PV
- Full working displays of Solar hot water panels
- Ground source heat pumps