Everyone knows that solar panels can help make a building more energy efficient while saving the owner money on electricity. But did you know that you can make money from selling the energy from your solar panels back to the electric company? With the Feed-In Tariff you are guaranteed money from you electric company for every unit of energy you produce. This government backed program helps you make money from your solar panels, not just save it. Before you call your electricity supplier and utility company demanding your payment there are few things you need to know. Not everyone qualifies for this tariff. As with any government program there are restrictions.
- You solar panels have to be installed by a certified MCS installer.
- The sooner you have your Solar PV installations complete the more money you can earn. If you have had your panels in longer than 2 years you will earn 7% less than if you had signed up for the tariff in the first 2 years of use.
- The solar tariff is locked in for 25 years. This generally means that what you earn in the first year is what you will earn every year for the next 25 years.
- If at any time you uninstall your Solar PV the tariff immediately stops.
You may be thinking, “I already make money from selling units of energy back to the utility company because I have solar panels.” This may be in fact true; however this doesn’t mean that you don’t qualify for the Feed-In Tariff as well. You can be paid for each unit you produce in addition to selling units of energy back to the electric company. Having Solar PV not only helps the Earth but it helps your wallet, too. As the saying goes you have to spend money to make money. In other words, you have buy and install Solar PV in order to earn its rewards. This is an investment that will pay for itself rather quickly. Let the experts at Thamesgate help you make the change to solar PV power.