Race to meet deadline for energy saving solar panels

Time is running out for the chance to maximise the benefit from energy saving solar panels.

From August 1 the Feed-in Tariff (what the government pay you to buy back your unused energy) will drop from 21p per kWh to 16p per kWh.

The Eco Experts, promoters of sustainable living and green technology, advise you to invest well before August 1, pointing out the benefits of solar PV systems: "Not only do solar users not have to pay someone else for electricity, they actually make money from energy production, and increase the value of their property."

But the race really is on. To benefit from the higher rate a valid application must be received before the deadline, and an application is only valid once a system has been installed.

The reduction in the FiT is not the only change being introduced. The length of the incentive is being reduced from 25 years to 20 years, meaning those who fit solar panels after the deadline will earn less money and for not as long.

The Eco Experts point out that the incentive was intended to be attractive to early birds, saying: "That era is drawing to a close, and although from August it will still represent an investment, it will no longer be the tempting 21p deal it is at the moment."

Source:http://www.biggreensmile.com/green-news/biggreensmile/Race-to-meet-end-of-month-deadline-for-energy-saving-solar-panels$11876.aspx