Solar Electricity - Domestic
Using photovoltaic (PV) cells, Solar panels capture the sun's energy and convert this sunlight into electricity which can be used to run a household.
There is a common misconception that PV cells require direct sunlight, they don't. They can work very well on cloudy days making them a great solution for European countries such as England.
Selling Your Electricity!
You can make money on your excess electricity! - This extra electricity which you do not use can be sold back to the Grid through a scheme called Feed In Tariffs (FIT's)
FIT's became available on 1st April 2010 - Under this Government scheme the major energy suppliers have to make regular payments to householder and communities who generate their own electricity from renewable or low carbon sources.
If you are eligible to recieve FIT you can benefit in 3 ways! :
1. Generation Tariff
A set rate is paid by the energy supplier for each unit / kWh you generate. This rate will change each year for new entrants to the scheme however once you join, it will continue on the same tariff for 20-25 years for Solar PV.
2. Export Tariff
You will recieve another 3p/kWh produced for each unit you export back to the grid when it is not used on your site.
3. Energy bill savings
You will make major savings on you electricity bills. In many cases a profit as you will produce more energy than required most of the time - Usually between 9am - 4pm when you house is not occupied. Extra energy produced will be bought off you by your Energy Supplier
Solar PV Profit
For more information on Cashback Calculations please try the Enery Savings Trust Energy Calculator
Government review of FIT's
For more informastion visit the DECC website