With all the recent confusion about the feed-in tariff, you’d be forgiven for thinking now is probably not the best time to invest in solar PV. In actual fact the opposite is true. For a number of reasons – some financial, some environmental – now is the perfect time to switch to solar.
1. You’ll get a guaranteed feed-in tariff rate of 21p per kWh if you install before 31 March
Depending on the outcome of the government’s appeal against the High Court ruling, this could even go up to 43.3p. Either way, you’ll get a great investment, which is tax free and guaranteed for the next 25 years.
2. From April, you may need to meet strict energy efficiency requirements
The Department for Energy and Climate Change (DECC) proposed that, from April, homes should achieve a certain energy efficiency rating to qualify for full feed-in tariff rates. That could mean spending more to make sure your home’s up to scratch, and could prove difficult if you live in an older property.
3. The price of panels has come down
Over the last year, the cost of solar panels has fallen more rapidly than anyone in the industry predicted. This means you can get a more efficient system for a smaller initial cost, and still receive a great return on investment.
4. Energy prices are going up
They may have taken a small dip in the last couple of weeks, but energy prices go up by an average of 10% each year. Generating your own energy with solar PV can cut electricity bills by up to 50%.
5. It’s good for the planet – and your conscience
Switching to renewable energy saves carbon emissions and is a lot more responsible than continuing to use up the dwindling natural resources. Don’t underestimate the feel-good factor – it can be really satisfying to know you’re helping to create a better world for your children and grandchildren.