Solar Panels - Growth In the UK market
There's been a major change to the roofs of many houses in the UK over the last two years as more and more solar panels have been installed. Since the UK government introduced the Feed-in Tariff (FiT) scheme in April 2010, there's been dramatic growth in the amount of solar power generated in the UK.
Before the FiT scheme was introduced, 26 megawatts of power were being generated by solar panels in the UK. Two years later, that amount's now over one gigawatt - 1000 megawatts. The government wants to see even more solar power produced, with a target of 22 gigawatts by the end of the decade. That requires around four million houses to have solar panels on their roofs.
There are huge benefits to installing solar panels on your property. Most obviously, they can provide free electricity to your house during daylight. Solar panels don't need continual sunlight to work and will generate power in daylight. A typical installation generates up to four kilowatts of power, more than enough to cover usual daytime consumption.
Beyond that, solar panels provide a regular income for you as well. The surplus energy they generate is fed back into the grid and purchased by the energy companies. This credit can then be used to pay for the electricity you use at night when the solar panels don't work.
On top of that, if you install solar panels now you'll be eligible to receive FiT payments from the government. These are paid on all the electricity your panels generate, whether it's used or fed into the grid. What's more, if you buy and install solar panels now, the government guarantees these payments for the next twenty-five years, covering the minimum lifespan of most solar panels. These guaranteed payments mean that your panels will pay for themselves in a few years, and give you free electricity for many years after that.
Solar panels are good for the environment, and good for your wallet. Thousands of people are buying them every week, so why don't you join them and start making big savings for yourself?