Quotatis are working hard with their dedicated partners to encourage the uptake of solar panels and make consumers aware of the financial possibilities if a system is installed before August.
On August 1 the Government will be reducing the rates of their lucrative feed-in tariff scheme. The scheme, which pays out for every unit of renewable electricity generated, allows homeowners to earn a guaranteed tax-free income, worth hundreds of pounds a year.
By installing solar panels on your roof before this date, you’ll:
- Generate a fixed income for 25 years, at a rate of 21p/kWh. This should see you with annual earnings of over £600
- Cut your electricity bills by up to £300 a year and secure your energy future against the rising prices
- Add a wealth of value to your home and with the energy saving and income earning potential, your property will be more appealing to buyers
- Reduce your home’s carbon footprint, which is great for environment and helps the Government meet tough EU targets
By leaving an installation until after this date you risk missing out on the huge profits achievable with solar panels.
After August 1, the tariff rate will fall to just 16p/kWh, leaving annual return of investment at just 6%. On top of this the lifetime of the scheme will drop too, from 25 to 20 years.
Of course, the electricity savings would stay the same, but it’s the huge income you’ll be missing out on by not investing before the August cut-off.
To make the most of what solar panels have to offer and to start saving money on your bills, complete our quick quote form. We’ll then provide you with up to four solar panel quotes from local, vetted and reputable companies. If you’re interested to find our how much solar panels cost then check out of complete guide.