Solar panels & incentives in the UK
"Feed-in tariffs for solar panels have significantly increased take-up. There's no-doubt that solar technology remains an exciting prospect for households looking for a permanent solution to the problem of expensive energy costs."
Incentives for solar panels.
In a nutshell.
This emulates the very successful feed-in tariff scheme from Germany. This has grown the German solar technology industry into one of the largest and most successful today. Despite Germany's similar climate to the UK's, it now nationally exports electricity generated from the sun.
"A window of opportunity today, that won't
be open for later adopters tomorrow."
Solar electric tariffs.
Applicants for the Clean Energy Cashback Scheme will receive 4.39 pence per kWh of electricity produced over 20 years. This will deliver a tax-free return of investment of around 5% - even if you use the energy yourself. More can be expected when used alongside an EV charger.Learn more
Solar heating tariffs.
Applicants for the Renewable Heat Incentive Scheme will receive 19.2 pence per kWh produced, giving you a guaranteed eight years of income from this type of technology. Not available for Thermodynamic systems.Learn more
Rate of return - Giving a better 'rate of return' (usually 5-8%) and paid for within a decade, with an additional two decades of free energy to enjoy.
Lifespan - Solar panels have a very long lifespan of 30-40 years, out performing any modern technologies.
Savings - Depending on the type and size of system installed, you can save up to 70% on your energy bills in the summer and 30% within the winter months.