Many are wondering, whether the government provides any grants for installing solar panels and if not what other benefits are there. Thus, let us take a closer look at the situation.
Primarily, the UK government did provide a grant for people willing to install solar panels on their homes. However, like with any other grant, there were several criteria to be met and many forms to fill out. Somehow, it failed to attract people’s attention and so in April 2010 the new FIT(feed-in-tariff) was introduced.
The Feed-In-Tariff itself is a scheme by which the government pays you if you to generate electricity. By installing solar panels onto your home and connecting to the national grid, your household becomes somewhat of a small power station. In this way, you get to generate enough power for your needs and all the extra energy is exported to the grid.
- depending on the size of your system, payments can vary(however for energy generated and used you are looking at 21p per kWh)
- the unused generated energy will get you a rate of 3.2p per kWh exported.
- an average UK home will earn around 500£ annually and the payment term is fixed at 25 years
Unfortunately, the Feed in Tariff is ending on 31 March 2019 as renewables have become more affordable, and therefore not necessary to subsidise anymore. However, if you act fast enough and submit your application on or before this date, you could still qualify for the payments over the next 20 years.
Applications for Solar PV Feed in Tariff Close in March
Read our guide on how you can still benefit from the solar PV Feed in Tariff before it ends in March 2019.
Free Solar Panels?
Free solar panels have been an option for homeowners in the past, however nowadays this service is no longer commonly found.
“Free” solar panels schemes wee mostly offered by companies eager to cash in on the FIT. These companies offered customers the chance to rent out their roofs to them for a period of 20-25 years. In exchange, the company would install solar panels on your rooftop and maintain them, meaning that you would not have had to worry about the hefty initial investment. You would still get to benefit from the free electricity produced by the system, but you wouldn't have gotten the money from the Feed-In-Tariff.
The group of people that benefited more from the scheme was pensioners. This part of the population consists of people who are spending more time at home during the day and might not have the financial ability to install their own panels. Thus this option suited them well as they could save more money by utilising the free energy produced by the solar panels. However, people in general were not big fans of the “rent-a-roof” scheme as it seemed somehow unfair to customers, thus many are willing to just invest in their own solar panels.
What’s the best option then?
As mentioned above, the “rent-a-roof” system is not what most people would like to commit to, yet it is also hard to set a fixed amount on the original investment needed for the panels. Therefore, it is essential that customers receive multiple quotes and offers from companies.
How Can You Find the Offer That Suits You Best?
As expected, people are busy with their everyday duties and many are simply not having the time needed for the research that is required when investing in something as important as solar panels. If you fall into this group of people, do not worry! There are companies that are ready to answer all your questions and assist you in your “solar” journey.
To save you some time and efforts of researching who these companies are, let’s just share some information with you. For instance, let’s take GreenMatch, a company that provides you with an easy to use platform for market comparing plus a big portion of useful information that you are likely going to need when going solar.
Simply fill in the contact form above and our specialists at GreenMatch will provide you with up to four quotes from solar panel suppliers. This service is completely free and non-binding!