A Guide To The Feed In Tariff

According to recent studies, if solar panels could be utilised to their full potential

in the coming years, around 30% of the countrys energy could be produced in this inexpensive, sustainable way. For the first time in history, a nation of people can produce their own energy in a clean and safe way, taking responsibility for their own carbon emissions, and play their part in the fight against global warming.

Over the last few years the solar power industry has boomed in the UK, with a number of high profile companies springing up, offering to install solar panels free of charge in suitable homes. This service is available to the public due to the feed-in tariff (FiT) that can provide a profit to consumers and companies, by putting electricity back into the national grid.

In fact, it is often said that the growth of solar panels is due to the subsidies put in place by the UK government. However, this view is a short sighted misconception. The use of solar technology is growing, not just in the UK, but around the world. PV growth in Britain is simply reflective of the worlds increasing demand for green energy. Solar panels can be installed swiftly, and can create a positive impact immediately.

Germany was the first country to adopt a policy of subsidising solar power. A team from the German government came to the simple realisation that the best way to get people to go solar was by making it profitable for the average person. The system was hugely successful, and even created a new jobs market in the country, where 250,000 people are now involved in the solar industry.

It was in April 2010 when the feed-in tariff was introduced to the UK, it was designed to help stimulate the solar market. It worked by increasing awareness and demand amongst families and businesses.

The subsidy makes the process of installing solar panels far more enticing to the average person, because they stand to get paid for every unit of electricity they produce through the feed-in tariff (whether you use it or not) and earn regular tax-free income for a guaranteed 25 years. They also receive free electricity from the sun and protect their home and bank balance from the rising energy prices.

The feed-in tariff has also encouraged solar companies to install solar systems completely free charge to customers with suitable roofs that can not afford the initial outlay of the cost of solar panels. Allowing these companies to earn the money from the FiT, whilst the homeowner benefits from reduced electricity bills.

The movement away from fossil fuels is much needed and now solar power can provide a source of guilt-free income for individuals and families, it is something that a lot of people are considering. Compared to just a few years ago, the amount of panels seen on properties is expanding continually. Drive through any urban area and youre bound to notice an installation.

Previous government schemes, such as the gas subsidies, seemed to only benefit huge energy corporations. One of the reasons behind the success of the feed-in tariff is that it financially benefits anyone who takes the time to install panels. This is especially valuable at a time when money is a global cause for concern.

by: Dr Toby Ferenczi

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