Solar Blog

A recently announced government backed scheme is encouraging green living homeowners to save and make money through solar panel installation.

Despite the initial set up costs, the projected income from solar panels installation is likely to exceed this in little more than a decade, meaning a 10+ return on the initial investment per annum. This is something that thousands of couples and families have signed up for, and numbers are increasing.

Other than the obvious green benefits, there are three other incentives attracting savvy early investors to the scheme. High on this list is the clear savings that are made through reduced energy bills, but the benefits are far wider reaching than this.

Through the government Feed In Tariff scheme, owners are also paid for any power that is generated through the system – even if it is used on the owner’s own premises. Any surplus power produced is sold back to the grid.

The scheme is presently guaranteed for 25 years. This, when broken down, represents a considerable return on the average investment.

Most homeowners are likely to spend between £10,000 and £12,000 on the solar panel installation and, through the scheme and savings made on energy bills, generate at least £800 income per annum. The result of this is that in just over 10 years, the solar panels should have paid for themselves.

For those looking at innovations to become more environmentally friendly, the scheme is seen as a great step forward. Potential investors are encouraged to seek out reputable solar panel installers to ensure expert guidance and advice.