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The British Feed In Tariff

Over the next decade energy prices are set to continue rising in the way they have been for the last few years. While people are beginning to look for alternative ways from nuclear to generate power, and environmentally friendly option like solar power is a great alternative.

Using solar PV panels to generate your own power for your home or office can be a viable alternative to using nuclear power, and can help to reduce your CO2 emissions. It can also significantly reduce your bills, and raise the resale value of your home by 1%.

Solar power also has far reaching financial benefits. To get solar power installed in your home or office requires only the purchase and set up fees, and will require very little maintenance once up. But the benefits are huge, including a massive reduction in energy bills, by giving you the means to produce your own power from the suns light and radiation.

Due to a newly introduced tariff in 2010, there are even bigger financial gains to be had from using solar power. The UK Feed-In Tariff gives solar power users in England, Scotland and Wales the chance to benefit financially from their generated energy. If you have solar PV panels installed in your building you can benefit from the tariff which pays you for the energy you generate, regardless of whether you use it all or sell it on to the utility companies. You will even be paid at a higher rate since solar power is more expensive to generate than nuclear power.

If you sell your unused energy back to the national grid you will receive 44.3p for every unit, and for the energy you use yourself you can expect to receive 41.3p. Investing in solar power is very worthwhile. It can allow you to reduce your running costs, reduce your CO2 emissions, and make money, regardless of whether you use all of your energy or not.

Find out more about the UK feed in tariff rates

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