Could you generate income with a feed-in-tariff?
Are you looking to save up to 40% off your electricity bill, help the environment or get cash back for producing surplus energy? Then solar panels are a good investment. So why not join half a million other British homes and have solar panels installed in your home? Here’s a guide to get you started on the costs and benefits that solar power can deliver.
Firstly, you need an unshaded, south-facing location for the installation of the panels, so as to optimise the sun exposure of the panels. You’ll also need a very sturdy roof – solar panels can be heavy, so your roof must be strong enough to take their weight.
When you fit solar panels onto your roof, all the panels and the installers who fit them must be certified by the Microgeneration Certification Scheme (MCS) for you to qualify for the FIT payments.
If you run a business, you can benefit from fitting Solar panels just as any household would. You will save money on your energy bills by generating your own free, green electricity, and you will lower your energy demand of electricity from the national grid. You will also benefit from the FIT if your business buys a solar PV system outright, seeing a return of £4.32 per unit (for a system from 10-50 kW) as of the end of 2016. As a guideline, for smaller businesses, a 4kW system with FiT and electricity savings could add up to around £16,000 over 20 years.
With climate change a topic of concern it makes sense for businesses to be engaging in green initiatives for the purpose of strengthening relationships with customers. By generating your own electricity from solar, you are reducing your carbon output and could offset most of your business’ carbon emissions.
By installing solar panels, you will have a safety net in place should your business ever have to survive off-grid for any amount of time. With the National grid currently struggling to generate significant electricity supply to meet the growing demands of the UK, this is an all too possible reality. In an attempt to limit the problem, the Government have already introduced mandatory energy audits from large businesses (the Energy Savings Opportunity Scheme) suggesting that future energy usage could also be regulated.
If you think that your household or your business could benefit from installing solar panels, and would like to take advantage of cheaper electricity and the government’s FiT payments for your surplus energy, then complete the online form to find out if you qualify.