Solar Panels

posted 22 Jan 2012, 06:47 by Phil Handy
Solar Panels in Action in Frampton Cotterell
Nearly a year ago we published an article about Solar Panels.  Since then a number of houses have had solar panels installed as can be seen by anyone walking around the villages.  Also solar panels are being installed at the sports changing rooms at The Park in School Road. 

The government are in the process of introducing changes to the Feed-in tariff starting from 1st April 2012 but there is still time now to invest and get the benefit of the current rates.  

According to industry sources: 

"Falling equipment prices means that even with a lower Feed-in Tariff, investing in Solar Panels is still extremely worthwhile and produces a return on investment of between 7.5% to 9.5%.

The average cost of a Solar PV system is now in the region of £6,000 to £8,000 which can typically be recovered in around 13 years. This leaves you with a further 12 years of tax-free Feed-in Tariff payments in addition to savings on your electricity bills.

The current Feed-in Tariff rate of 21p per unit of electricity generated has been guaranteed by the Government until 31st March 2012. This rate will then be adjusted in line with inflation for the next 25 years. From April 2012, the rate may fall to just 9p per unit so now is the time to invest.

It is also likely that from 1st April 2012, your home will need an Energy Performance Certificate rating of C or above. In other words it will need to be Energy Efficient to have Solar Panels installed. Another good reason to invest now in case your home does not meet this requirement."

To find a supplier look for advertising in local publications, search online or knock on the door of a house where solar panel are already installed and ask whether they would recommend their supplier.