Receive a guaranteed tax free income too
The FITS feed – in tariff scheme is now in place so you will actually get paid
to produce your own electricity! You will receive 41.3p for every unit of
electricity you produce. When you produce more than you are using yourself then
the surplus is exported into the national grid and you receive another 3p per
unit on top. This would typically be half the electricity your panels generate.
When you produce less than you are using then you top up the supply from your
electricity supplier in the normal way and are billed for it.
But it is quite likely that your income gained by generating your own power can
be greater than your reduced bill from your conventional supplier – so they
would be paying you and not the other way around!
Power from solar panels could earn you up to £900, along with a £140 reduction
on household energy bills. (Typical figures based on a 2.5kw well – sited
system).
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