What does the solar power subsidies review mean for homeowners?
Don’t miss out on the opportunity to slash your household bills if you’re concerned about the latest review of solar power subsidies.
The Government’s announcement that it plans to look at solar funding means that people have been left confused about what they are entitled to.
Our advice is to act sooner rather than later. That’s because anybody putting in an installation now is guaranteed to keep the current levels of payment.
Ministers have already pledged to cut the renewable obligation subsidy in 2016 – in a move that targets larger-scale solar farms.
However, the Department of Energy and Climate Change has also started a review into the feed-in-tariff, a subsidy that can be taken up by people installing solar panels on their rooftops.
At the moment, that stands at between £485 and £705 every year, depending on the size of the system.
Here at Noreus, we’re surprised at the move – especially given the Government’s stated commitment to addressing climate change. Talk about a mixed message.
However, solar PV panels still represent an excellent investment – with or without the feed-in-tariff.
There are lots of reasons why homeowners continue to look at green solutions, and not least is the continued potential to save money on household bills.
After all, sunlight is free so once the cost of the installation is recovered, you’ll see a significant reduction in your outgoings. What’s more, if you produce more electricity than you need, then you can sell it back to the Grid.
Did you also know that a typical home solar PV system can save more than a tonne and a half of carbon dioxide per year? In other words, you’ll be reducing your carbon footprint too.
So while the feed-in-tariff is the icing on the cake for anyone choosing to install a system now, there are other long-term benefits that you can take advantage of. If you’d like to find out more, then give us a call on 0845 474 6641.