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Solar rooftop panels a money-maker for UK households

As many as half of Britain’s homes could earn around £600 a year from roof top solar panels and some as much as £1000,

Getting paid to produce renewable energy,  guardian.co.uk, 7 Jan 2011, In the current economic climate investing in solar panels may appear costly but thanks to a government scheme you can profit from producing your own energy
In the current economic climate the ability to earn extra income, become self-sufficient and reduce your carbon footprint and energy bills could appear to be a contradiction in terms. Surely installing solar panels, for example, on the roof of your house is going to cost, not make money?

This is where the government’s Feed-In Tariffs (FITs) are designed to make it worth your while to produce renewable electricity.

Essentially the FIT system is designed as an incentive for energy producers to move away from conventional fossil fuels to renewable energy sources.

Essentially, it is government legislation which guarantees a fixed, premium rate for renewable electricity fed into the national grid. The power companies are obliged by government legislation to buy the renewable electricity, with additional costs passed onto the customers.

As many as half of Britain’s homes could earn around £600 a year from roof top solar panels and some as much as £1000, according to Britain’s biggest energy supplier, British Gas…

Getting paid to produce renewable energy | Guardian Sustainable Business | guardian.co.uk

January 7, 2011 - Posted by Christina Macpherson | renewable, UK