Will the Feed In Tariff survive?

October 19, 2010

Assuming the Feet In Tariff (FIT) still exists the day after tomorrow, it is worth looking into whether you can save on your electric bill and make some money (ie pay for the loan, then eventually make a small annual profit).

Figures I have seen say a solar panel system costing £6,250 should save £200 in electric bills and earn £900 from FIT each year. In theory, thru reduced bill and income, paying for itself in five or so years.

Details from:

www.ofgem.gov.uk (assuming this still exists the day after tomorrow…)

www. energysavingtrust.org.uk

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