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The Solar investemnt explained.......

1.  The Feed-in-tariff is a scheme introduced by the government to encourage Micro generation technologies such as Solar PV, also to make these technologies a valuable investment and to boost the Clean and Sustainable electricity produced here in the U.K! The feed-in-tariff is backed by the energy companies, this has been guaranteed for the next 25 Years by the government and is also inflation linked, it has in fact risen from 41.6p per kWh produced in 2010 to 43.3p per kWh produced in 2011, this figure should keep on rising with inflation and is set to make the investment even more valuable. The feed-in-tariff is paid to you based upon a reading given from the generation meter on a quarterly basis, this figure is the amount of energy produced, whether you use it or not! You still get paid 43.3 p for every Kwh produced.

2.  The Energy you sell back to the grid, You are able to sell the excess energy you produce back to the grid. This can be done 1 of 2 ways, the energy companies will pay you 50% of your annual generation of electricity at 3p per kWh produced, i.e. if your system produced 4000 kWh’s per year, your energy company will pay you 2000 x 3p for the energy produced back into the grid! The other option is to have an import/export meter fitted that will tell you exactly how much energy you have used and how much energy you have fed back into the grid, the latter option is usually only used on larger systems although certain electricity providers are now offering to do this free of charge should you choose to buy your energy from them as well.

3.  The Energy you save when your system is providing electricity! Whilst your PV system is producing say 2500 watts, that’s 2500 watts of energy to be used up at no cost on your electricity bill, this figure is varying dependent on how much electricity you use during daylight hours. If your able to monitor your power generated then you can choose to complete tasks around the home that use electricity during daylight hours, such as running the washing machine! The energy provided will also cover all items that run continually such as freezers and alarms during daylight hours, this will save you around 13p per kWh (dependant on how much you pay for your electricity!) save on your energy bill as well as get paid to generate energy! You can even plan your day to save you more money again! This is also why Solar PV can be a great idea for business’s as they use the majority of their electricity during the day.