Feed-In Tariffs scheme (FITs)
The feed-in tariff is now set at 21p/kWh (21p per unit) for a typical domestic scale solar PV installation. These rates will be index linked to inflation over the life of the scheme, for up to 25 years. It is confirmed that there will be no income tax for home owners on revenue from the feed-in tariffs (FITs for short), providing the electricity generated is used mainly by your own property.
Make money, not hay, when the sun shines!
Early in January the Government announced the final details of the proposed new feed-in tariff from April 2010 for microgeneration of power from systems like Solar PV. The proposed new tariff will pay for all energy generated by your system, irrespective if you use it yourself or sell it back to the grid. The amounts paid are in addition to any saving you will make by purchasing less electricity from your supplier and any income you earn from selling your surplus power to your electricity supplier. The rates that have been announced are significant, and for Solar PV will return around 8% on your investment.
Here’s the Technical Stuff
Solar PV (the PV stands for photovoltaic) is a straightforward and reliable technology. It simply converts the sunlight to electricity without using any mechanical movements or needing any other fuel. Think of it as a light bulb in reverse!
The panel is made up of layers of silicon crystals, providing a small electrical bias. When the sun hits the top layer the difference between these layers creates a charge and the result is electricity.
A few more components convert this into the same type of electricity you use in your home, and your household appliances are powered for free!
Supply & Installation Services
We manage the supply and installation of Solar PV solutions for the home, private business and public sector buildings. Our experience can help you deliver your next Solar Power Solution without compromise.
Call us now to discuss how our services can provide you with the maximum power output for the space available.