The financial savings, after initial investment can be considerable.  The good news is savings start immediately.  In the UK the government scheme*** is so attractive that solar companies are even offering free solar panels worth around £12,000.  The payback is they will collect the incentive. 

How you save

• A limitless supply of FREE energy. Solar power relies on daylight and not just sunshine so you can still generate electricity even when it is cloudy.
  
  
• Feed in Tariffs for the energy your produce and what you do not use These government backed financial incentives pay you both for the enegy you produce and what you don't use. The good news is the power suppliers are obliged to pay you for any excess energy you produce that is automatically fed back into the grid.
  
  In 2010 , the UK government  set up a  “feed in “tariff scheme which pays out an estimated £800/year. This has been promised* to run for 25 years. With a typical installation priced at £12,000 that’s a staggering £11,000 profit. Suppliers have been quick to pick up on this deal and many are now offering free solar panels but in return they keep this tariff.  
  
  ***please note the recent  proposed review of FiTs will only affect installations over 50KW. This will therefore not affect individual household installations. Controversially this will have impact on some community based projects and all large commercial projects.  The revised FiTs for 50KW and higher come into force August 1st 2011.  A proposed full review will take place 2012. 
  
  http://apps3.eere.energy.gov/greenpower/resources/maps/netmetering_map.shtml for details of netmetering in the US
  www.dsireusa.org  (USA)
  http://www.energysavingtrust.org.uk/Generate-your-own-energy/Sell-your-own-energy/Feed-in-Tariff-scheme (UK and Scotland)
  

• Save money on your electricity bills sunlight is free, typical panels can save around 40% on an electric bill approximately £120 a year for an average family and more as energy prices continue to rise.
  
  
• Independent of power providers As PV systems are independent, they are unaffected by the price fluctuations imposed by energy suppliers and the ever increasing price of gas.
  
  
• Savings start immediately! The payback period is typically around 9-10 years or shorter depending on how much electricity your household uses.  If you elect to install free solar panels then there is no capital investment only savings.
  
  
• Add value to your property just as any home renovation can increase the value of your home, installing solar energy will make your home more attractive to buyers who can reap the savings immediately.
  
  
• To make your savings go further invest in energy efficient appliances. 

• Save more by using energy when the sun is out - do your laundry during the day to take advantage of the free electricity.
  
  

Thinking of installing a solar system?

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