New plan gives solar power to the people!

Government launches scheme to light a fire under microgenerators, and help them save – and make – money.

Short-term, the prospects for home-energy prices are looking brighter – British Gas has just reduced tariffs by 7 per cent and the other big suppliers are likely to follow. However, Ofgem, the regulator, is warning that down the line we could see our bills rise by 25 per cent over the next 10 years, and even that energy supplies could become scarce. But just as news came in that energy prices are set to rise dramatically, homeowners were offered hope with the launch of a new government incentive.

Hoping to encourage a movement towards renewable energy, the Government has finalised details of its feed-in tariffs, which reward people who produce their own energy by investing in technology such as solar panels and small wind turbines.

"This new scheme is a fantastic opportunity for householders to make money, cut fuel bills and play their part in slashing carbon-dioxide emissions," says Dave Timms, green homes campaigner for eco-action group Friends of the Earth. "Developing the UK's massive small-scale renewable energy potential will help to tackle climate change, create new green jobs and industries, and increase our energy security."

From 1 April, any household generating its own energy will be rewarded with tax-free payments. The cashback levels will depend on the technology used, with solar panels attracting the most generous payments. Further payments will be awarded to householders directing any energy they don't need back to the National Grid.

The type of technology used will depend on the property type. So a solar photovoltaic (PV) system needs a south-facing, preferably sloping, roof. In England and Scotland, planning permission is not usually required, although there are some restrictions in terms of size, and exceptions apply for any listed buildings, and properties near a conservation area, national park or Area of Outstanding Natural Beauty. In Wales and Northern Ireland, householders must consult their local authorities about planning permission.

With the new tariffs, the potential returns that this type of technology can reap are impressive. A typical domestic solar system of 12 panels, for example, will generate £1,048 in savings and income a year.

Overall, householders can expect a pay-back of between 5 and 8 per cent a year, so the move will go some way to alleviate the high initial costs. The Government has also confirmed that tariffs will be paid for up to 25 years, and, as the tariffs are linked to inflation, the real rate of return could end up as high as 10 per cent.

Anyone who has had an installation commissioned since July 2009, when the policy was first announced, will be able to apply for the scheme. The incentives are also open to businesses, communities, farmers, schools and hospitals, although the payments vary.

Ed Miliband, the Secretary of State for Energy and Climate Change, has said that over the next decade he predicts that one in 10 homes will have installed renewable power. These tariffs are going to generate rates of return that will beat high-street savings accounts by a mile, at the same time as they save carbon and generate jobs in a new fast growing, British industry.

Reference: The Independent

URBAN ENERGY

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