Solar panels are one of the best investments you can make for your home, but you’ve probably heard about the government’s cuts to the Feed-in Tariff scheme (FITs).
The tariff has just been cut from 4.39p/kWh to 4.32p/kWh, and will be cut further to 4.25p/kWh from 1st July. And if the tariff is affected by a deployment cap, it could go down to a mere 3.83p/kWh!
That’s why it’s never been a better time to go solar. Take advantage of all the benefits before the government cuts the tariff any further:
Cut your electricity bills
Solar electricity is 100% free, so once you’ve paid for the cost of the solar panels and installation you’ll make huge savings on your bills. You could save up to 50%, and if you choose to get a solar battery installed too you could save even more.
Get paid for the electricity you generate through the Feed-in Tariff
The Feed-in Tariff scheme pays you for every unit of electricity you generate. The current rate is 4.39p/kWh, but from 1st July that will change. Get in fast to benefit from the higher tariff.
Sell your unused electricity back to the grid
You’ll get 4.85p/kWh for every unit of electricity you export back to the grid. Until meters are rolled out to monitor how much you are actually exporting, it’s currently set at the expectation that you’ll export 50% of your electricity to the grid.
Improve your carbon footprint
Solar electricity is renewable and doesn’t emit any carbon dioxide, so is a green way of powering your home. Do your bit for the environment by installing solar panels.
Add value to your home
Solar panels are an asset that homebuyers are looking for, so by installing solar panels to your roof you’ll increase the price of your property and make it more attractive to buyers.
Now is the time to go solar before the next tariff cuts. People are rushing to get their installations registered before the next default degression, so you need to act fast.