solar pv system

solar pv system

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5 Ways to Make Money from Solar PV

Solar Photovoltaic's (PV) are now an established technology suitable for domestic and business use. The next 10 years will see a vast rise in households using this technology as governments continue to push their green incentives in order to increase investment in this sector. Solar PV is one of the technologies central to reducing CO2 emissions which contribute to the Greenhouse Effect, but users gain much more than reducing their carbon footprint – they can also make a great deal of money by jumping on the eco bandwagon. Big or small, whatever your installation you can see fantastic returns that make Solar PV a technology you should invest in for the future of your family as well as the environment.

1. Free Electricity

First and foremost, Solar PV generates power for your home. In the past, installations have mainly been used to heat a home's water supply but modern Solar PV is so efficient that it can generate a good supply of power even on cold, cloudy, dreary days. A regular spec modern Solar PV system will provide you with around 70% of your household's total power.

2. Feed-In Tariff

The major incentive that has kick-started the Solar PV boom is the ‘too good to be true' offer of Feed in Tariffs – which just so happen to be completely genuine and a real money-spinner for people who have adopted Solar PV technology. The UK government has backed plans to pay you per Kwh of energy your system produces, whether you use the power or sell it on! Prices are fixed dependant on the size and type of installation and are guaranteed for around 25 years.

3. Selling Electricity

Yes, you can make additional income by selling your energy. This is particularly beneficial to those who are out of the house 9-5 through work, as you won't be able to use the energy your Solar PV panels are generating. Even if you sell all of your energy, you will still get paid for producing it in the first place.

4. Tax Free Income

No, there are no hidden taxes. Income you generate from the Feed in Tariff is tax-free! The government are relying on people adopting this technology to reduce the nation's dependency on fossil and nuclear fuels, so they're keen to make Solar PV seem as attractive a proposition as possible.

5. Property Value

Imagine selling a house that can generate its own electricity. Imagine telling people that the power the house generates not only covers your annual electricity bill, but also gives you an income of several hundred pounds tax free. Solar PV installations, just like other renewable energy systems, can significantly raise the value of your house – and they are a more attractive proposition for buyers who may want to buy a home fitted with eco technologies yet aren't as pragmatic as you are.

 

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There will never be a better time to install Solar PV Panels than right now and those who miss out on these major incentives will definitely kick themselves in the future. Once an established, burgeoning technology new funding applications are bound to be cut – so order your installation today and start benefitting from this fantastic technology. Gain extra income for your home and avoid the inevitable price electricity hike due in 2011.

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