29 Jul '11, 9am

Now is the Time to Go Solar

Now is the Time to Go Solar

Arguably, just as important as the environmental benefits, there are now real cost savings to be made by going solar. Government schemes both in the UK and US now provide homeowners with compelling cost incentives for installing solar panels at home. Last year, in the UK, the government introduced the Feed-in Tariff (FiT) as an incentive scheme to encourage homeowners to invest in solar PV. The FiT ensures payment of 43.3 pence for each unit of electricity that one’s domestic solar system produces, irrespective of whether one uses that electricity in their home or not. Additionally, the FiT pays 3 pence per unit for electricity not used in the home and exported to the National Grid. The scheme is guaranteed for 25 years, and the amount will increase with inflation linked to the Retail Price Index.

Full article: http://cleantechnica.com/2011/07/29/now-is-the-time-to-go...

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