Domestic Solar PV Is A Great Investment
At the beginning of 2010 the UK followed many other countries in Europe by introducing the "Feed In Tariff” scheme. This is a system where the energy companies must pay a fixed amount for each unit of energy generated by Solar PV, Wind Turbines and other micro generation technologies. Whether the energy is used by the owner or exported back to the grid, the payment is made simply for the act of generating it. The payment is guaranteed in UK law for 20 years.
If you install a qualifying small system in the UK you will get paid around 14 pence for every kWh you generate regardless of whether you use it yourself or export it to other users. This is a generation tariff or feed in tariff (FIT). It will go up each year in line with inflation. If you use the electricity you have generated this means you do not have to buy it from the electricity company, meaning you will save around 11-15p per kWh at today’s prices (prices subject to change). Energy you generate but don't use yourself, i.e. you export it to the electricity company, will attract another payment to you of just under 5p per kWh. This payment is index linked to the RPI, meaning it will increase with inflation.
The legislation ensures that the return in FIT payments will represent an average of 10% per annum tax free against the initial set up cost. Solar PV is a reliable, safe, investment vehicle that provides returns exceeding those of traditional low risk financial products such as savings accounts, ISA’s, Gilts, etc.
We found your service efficient and enquiries polite and considerate. I would definitely recommend your services to anyone who is looking for solar, in fact we have another farm building which will be sorted after Christmas, and would think we will be contacting you again. Thank you once again.
I have been very pleased with the speedy and efficient service we have received. Everyone in the Geo Green Power team has been pleasant to deal with and all aspects of the installation were carried out in a timely and effective manner. Many thanks for making our lives easier!
Thank you for all your hard work. Everything was completed efficiently and professionally and I’m now saving and making cash thanks to my solar PV system. I like checking my meter just to see how much money I've made! Solar panels are a great investment and I’m recommending Geo Green Power to everyone I meet.