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Buying solar panels means that you’ll reap the rewards of free electricity AND earn money for every kWh you generate with the Feed-in Tariff.
The money you receive is tax-free and at today’s rates, your solar panels will pay for themselves within 9 years, while you’ll still be earning from them at a guaranteed rate for another 11 years.
Since the government introduced the Feed-in Tariff, installing solar panels is an energy-efficient and financially rewarding investment . You benefit from all the free electricity you can generate, and earn money at the same time. Over 20 years your solar panels will earn you over £12,000 in energy-savings and Feed-in Tariff earnings.
Solar panels are a great investment, allowing you to be self- sufficient and produce green energy that pays for itself. This means, although energy prices may rise, you can rely on up to 50% of your electricity staying completely free - making your energy bills much cheaper before you’ve even received your cheque from the Feed-in Tariff.
Most people assume solar panels are too expensive, but installation costs have been falling rapidly. What’s more, there are plenty of financing and loan options available that give you all the benefits of owning your own panels while spreading the costs.
Buying solar panels means that you’ll reap the rewards of free electricity AND earn money for every kWh you generate with the Feed-in Tariff.
The money you receive is tax-free and at today’s rates, your solar panels will pay for themselves within 9 years, while you’ll still be earning from them at a guaranteed rate for another 11 years.
Yes, once you have installed your solar panels and start generating your own renewable energy, you will be paid for each unit you generate and buy any extra you need from your supplier. Any extra electricity you produce, will be sold back to the National Grid at 4.5p per KW. This is called the Feed-in Tariff.
Solar photovoltaic (PV) panels are panels of solar tiles that are placed on your roof. These tiles collect energy from the sun and convert it into electricity.
This free energy from the sun is then used as electricity to power your home.
We know it's a big decision, so we've tried to cover all the details you'll need in our guides below. If you still have any questions just let us know on customerservices@uswitch.com
Solar panels information from uSwitch - get the lowdown on solar panels and decide if they're right for your home
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A 3kW 12 solar panel system, with a tilt of 30 degrees, South facing, with no shading and a 0.8 constant (used to make the calculation accurate for UK conditions), will generate 2575 Kwhs of electricity per year. By signing up to the Feed-in Tariff, you can earn 15.44p for every unit of electricity generated (£397), plus 4.5p for every unit sold back to the Grid (£57) meaning total Feed-in Tariff earnings of £455. By adding together the savings on electricity and the earnings on the Feed-in Tariff, you get a total saving of £640. Over the 20 years of the feed-in tariff, this means total income of £12,819.