New Feed in Tariff Rates from April 2010 to March 2012 came into force from 1st April 2010 which offer payments not only for electricity you feed back into the grid, but you also get paid for the energy you use, and it's tax free!Add to this the money you'll save on ever-increasing electricity bills and you could be in for saving a tidy sum, as well as the planet.
For households taking up the incentive within the first year, the tariff levels are guaranteed for 25 years for some schemes so your installer can estimate the break-even point with greater accuracy. After 2012 the tariff will slowly decrease for new installations so get in quick!
The renewable energy sources covered by the scheme are solar (PV) panels, wind turbines, hydroelectric systems, anaerobic digestion and combined heat and power (CHP) systems.The incentive, also known as the Clean Energy Cash-Back scheme is part of the government's drive to meet the EU target for 20% of all EU energy to come from renewable sources requiring the UK to target it's sustainable electricity production to 40%. It is currently just 5%.
When we think of hydro-power, we most often imagine the huge power stations sited in places like Wales and Scotland.
Read MoreDespite government commitment to helping homeowners to achieve reduced levels of energy consumption, the installation of a wind turbine still requires planning permission in most cases.
Read MoreIf you would like to have solar panels installed on your home, you will need to make sure that the installer has been correctly certified to carry out the work.
Read MoreA recent investigation by Which? has discovered that many insulation installers are unable to give good advice to homeowners about whether their homes are suitable for wall cavity insulation.
Read MoreAny homeowner or business owner who would like to make money from their property could do so by investing in solar panels and taking advantage of the Feed-in-Tariff (FiT).
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