The UK Feed in Tariff Scheme was set up under the previous labor government to encourage micro-generation at a consumer and business level using micro-generation techniques such as wind turbines and solar panels. Despite the current government having taken the knife to the scheme and reduced some of the incentives to bring people to renewable energy the scheme is still worth investing in as a consumer, simply because it means you can pay for your own energy.
How the Feed in Tariff system works is that you will get paid a set amount of money per kilowatt hour of electricity that you generate through either solar, wind or any other renewable method. Currently, you can get up to 41.3p p/kwh although there is another review of the scheme due in 2012. This rate is guaranteed for 25 years by the government and for the consumer it can mean over £1000 every year. If you get your solar panels up now, you could earn over £25000. Whatever you manage to earn, you will very quickly pay back the cost of the panels themselves as well as a continuous reduction in the price of your electricity bills. There’s simply no reason not to do it!
If you take an interest in renewable energy and solar panels in particular then you will know that there has been a great deal of controversy in the papers recently about the coalition’s plans to re...
Nov 23, 2011
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Revolt is brewing amongst liberal democrat councillors thanks to the coalition’s planned savage cuts on solar power FiT rates. Liberal democrat councillors have found themselves confronted by numero...
Nov 22, 2011
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Greg Barker, the Energy and Climate Change Minister gave a speech to representatives of the solar industry at Solar Power UK a couple of weeks ago. To say that most were skeptical of what he had to sa...
Nov 22, 2011
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Nov 18, 2011
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PV, Photovoltaics – PV Cells or photovoltaics are wafer thin layers made up of semi-conducting materials (normally silicon). Electrical charges will then be generated when that silicon gets light sh...
Oct 24, 2011
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Amorphous – An amorphous panel is a particular kind of PV cell. Unlike monocrystalline or multicrystalline cells (discussed in part two) amorphous panels would not be made using interconnected cells...
Oct 23, 2011
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Despite the meddling of the new coalition government, the Feed in Tariff is still an excellent scheme and the current rates are still worth investing in. The Feed in Tariff (also referred to as a Clea...
Oct 16, 2011
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Whilst the primary role of solar panels is not making money, it is worth bearing in mind that solar power will continue to give you a return on your investment day in, day out, week in week out for mo...
Sep 22, 2011
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If you look at solar PV panels as a way of getting cheap electricity, doing your bit for the environment and getting a return on your money at the same time, then solar panels are undoubtedly a good i...
Sep 04, 2011
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The FIT, or Feed in Tariff, came into law on the 1st April 2010 and relates to the electricity industry and its part in the Clean Energy Cash Back Scheme which is designed to pay people for creating t...
Sep 04, 2011
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