One by one this summer, the big energy providers have announced electricity price rises of up to 10%. Meanwhile, the time available to benefit from a generous tax-free index-linked income for producing your own electricity is quietly running out.
Currently, homeowners who install rooftop solar panels generate an income of 43.3p per kWh of any electricity they produce over the next 25 years, thanks to the government’s microgeneration feed-in tariff scheme. But this rate only applies to panels installed before the end of March next year. Delay too long, and the income per kWh will fall by 8.5% in April 2012, and a further 8.5% in the April of each following year.
Homeowners can currently expect to earn an additional 3p per kWh for any unused electricity they sell back to the grid, and save between 10-14p per kWh on the electricity they haven’t generate and use for themselves.
To qualify for these feed-in tariffs, your panels must be installed and connected by a fully registered member of the Microgeneration Certification Scheme, such as local NICEIC electricians Harland & Voss.
They can be contacted on 020 8451 0345 or via their website Harland & Voss for impartial, fully qualified advice.