There are many benefits to installing solar panels at your property. If you own a home in the United Kingdom and have plenty of land space, you can install a vast array of solar panels. Even if you don’t have a lot of space on your property, the solar panels can be affixed to your roof. Southern facing roofs are always more effective at trapping the sun’s energy and converting it into electricity, and if you’re interested in looking into this prospect, there are certain solar power grants you may be able to take advantage of.
The government provides the Feed-in Tariffs scheme, also known as FITs. This scheme would help you receive money from your energy supplier, even if you use the electricity created by the solar panels yourself.
It’s a great opportunity for homeowners looking to install solar panels who are in need some extra funding. While you may not be eligible for specific solar panel grants that would pay for the panels themselves, the money you would receive from your energy supplier month after month, year after year can be tremendous. This is especially true if you have the capacity to install numerous solar panels.
While your energy supplier would make the FITs payments directly to you, it’s the government’s Department for Energy and Climate Change (GECC) that will make the decisions about whether or not the solar panels you install on your property fit within the terms of their government policy. The energy regulator Ofgem administers this particular scheme.
Why would energy suppliers pay you?
A lot of homeowners have the same question about why energy suppliers would even pay them for energy they create and that they consume themselves. In short, they do that because they are required by law, at least the larger suppliers are. Smaller energy suppliers may not be required by law to provide these payments to their customers who have solar panels, but many of them continue to do so.
There are two reasons for this. First, by installing solar panels, the homeowner is improving the energy efficiency of their property. They are relying on a renewable and clean energy source.
That helps reduce carbon emissions and the carbon footprint for that particular home. For that, the government has made it necessary for these larger energy suppliers to make these payments back to their homeowners who are relying on solar panels.
Secondly, some arrays of solar panels create more electricity than the home is actually going to use. Therefore, the unused electricity is then moved, or exported, to the grid. This means the energy supplier will be able to sell that electricity to another customer, and won’t have to spend more to produce the added energy supplied.
Aren’t solar panels expensive?
Getting started with solar panels on your property can certainly be a significant investment. They can cost anywhere between £5,000 and £15,000 to have them installed. The more solar panels, the greater the expense.
However, when the homeowner begins to receive those payments on a regular and consistent basis, they begin to see the benefits in not only lower energy bills for themselves, but also the direct payments they receive from their energy supplier. The more electricity generated, the more those solar panels begin to pay for themselves.
Is it just solar panels that get government grants?
No. Any low carbon and renewable energy source may be eligible for the Feed-in Tariffs scheme. That can include:
- Solar electricity, whether it is roof mounted or stand alone
- Wind turbines, mounted on the building or freestanding
- Anaerobic digesters
- Micro combined heat and power (CHP)
How to qualify for solar panel grants.
You would need to contact your energy supplier and let them know you’re having solar panels installed at your property. If the net capacity is 50kW or less, that’s usually a standard capacity. Once those solar panels are installed, you will apply for FITs from your energy supplier. The valid application date would be once those solar panels are installed.
Once you have the solar panels installed, you need to make sure your application gets to your FIT supplier in a timely manner so you can take full advantage of these government funding schemes.
Contact your FIT energy supplier as soon as possible to make sure you meet the requirements necessary to begin receiving payments once solar panels are installed at your property, or if you choose another type of renewable energy source. You can even install more solar panels to an existing system.
How you benefit financially from solar panels.
There are three ways you benefit by having solar panels installed on your home or at your property.
The first is through a generation tariffs. This is basically the money your energy supplier will pay you based on a set rate for each unit or kilowatt hour of electricity you generate. When your solar panel system has been registered, the tariff levels you receive at that point are guaranteed for the general length of the tariff, which is up to 20 years. They are index-linked to ensure accuracy.
The second is through an export tariff. When your solar panels or other renewable energy source begin creating electricity beyond what you use, it will then go back to the electricity grid. You will essentially be selling this excess electricity generated. Smart meters will need to be installed to measure how much electricity you’re exporting.
Until that happens, an estimation of 50 percent of the electricity your solar power panels generate will be exported to the grid. So you can be making even more money through these government grants with more renewable energy sources.
Finally, you will be benefiting financially by the amount of money you save on your energy bills every month.
So you see, through this particular government scheme, solar panel grants are a great way to help you save money now and well into the future. If you’ve never thought about solar panels, wind turbines, or other renewable and clean energy sources to be installed on your property, now is the time to do it.
As more people begin to realize the value of clean, renewable energy, installing solar panels on your house and around your property can not only be benefiting the environment, it can also be boosting your bank account.
To get started, contact your energy supplier and let them know you’re interested in solar panels, wind turbines, or some other clean, renewable energy source. Within a matter of months you could be getting payments from your energy supplier.
Here are six of the largest energy suppliers throughout the U.K.: