The last few years have seen energy prices soar to higher levels than ever before, and they are expected to rise further still over the next decade. Alongside this, people are more aware then ever before of the harmful effects of using nuclear power to power their homes and offices.
Using solar PV panels to generate your own power for your home or office can be a viable alternative to using nuclear power, and can help to reduce your CO2 emissions. It can also significantly reduce your bills, and raise the resale value of your home by 1%.
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.
If you sell your unused energy back to the national grid you will receive 44.3p for every unit, and for the energy you use yourself you can expect to receive 41.3p. Investing in solar power is very worthwhile. It can allow you to reduce your running costs, reduce your CO2 emissions, and make money, regardless of whether you use all of your energy or not.
Find out more about the UK feed in tariff rates
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