Greg Barker Minister Of State has declared that fitting Solar PV Panels can give a better fincial return than a traditional pension.
In an interview with the Daily Telegraph, Barker described solar PV as a “really attractive financial proposition”, and urged the public to consider investing in their own solar array.
Barker said: “Solar is a really attractive financial proposition. You get a guaranteed tariff for 20 years and if your panel is well-sited, it could yield 8% or more.
“Anyone considering retiring should seriously consider whether solar panels are right for them, because in some circumstances, they will get a higher return than from putting the money into an annuity.”
Barker made the comments after visiting a couple in Sussex who installed solar to mark the completion of half a million roofs in the UK with solar arrays.