Government targets require all new build housing to be zero carbon by 2016. The installation of solar panels is one way to help meet this ambitious deadline.
Solar panels can be incorporated into any building ie on a roof or as a ground mounted system. Solar PV requires almost zero maintenance, making it an attractive selling feature as well as increasing the value of the property. There are many benefits of solar PV which can be passed on to the new homeowner. They can save money on the cost of electricity and benefit from tax free payments from the Feed-in Tariff scheme (FITs).
Feed-in Tariffs (FITs) were introduced in the UK in April 2010. Under the scheme households with a renewable energy source that produces under 5mw in capacity are paid for the electricity they generate. Payment falls into two types: the generation tariff which pays a fixed amount based on the type and size of renewable energy installed, whether or not the electricity generated is used, and the export tariff that allows unused electricity to be sold back to the National Grid.
The rate at which FITs are paid is set by the date of installation and once accepted, return is guaranteed at the same index-linked rate for 20 years. As this sum reduces every three months for new entrants, the earlier you join the scheme, the greater the benefits. The scheme is being administered by Ofgem. For more information visit www.ofgem.gov.uk/e-serve/RHI