Overview: Investing In Solar PV
Copyright (c) 2010 Aaron Dicks
In today's renewable energy market, there are many different options to consider for instance you have your Wind Turbines, Hydrogen Generator and then you have Solar PV Systems. April 2010 the 'Clean Energy Cash back Scheme came out for homeowners, businesses, schools and land owners. From April 2010, to March 31st 2012 in the UK Homeowners investing in Solar PV, micro-generation system's will be able to lock in a Guaranteed payment of 41.3p per kWh for 4kWp or less for any PV installed, fitted or wired to a building for the next 25 years.
Which is great news for the clean renewable energy market, which has been struggling for so long? To be eligible for this the solar feed in tariff can be adapted to any solar PV including Off Grid Solar PV's. The solar equipment and installer need to be inspected and to meet the accreditations of the United Kingdom (MCS) standards. To register for the Feed-In Tariff License, visit the Ofgem website for further details.
Tariff is the amount of power a system generates and is measured in kWh, if you need to use this energy to power your home or just flat out sell it to make a profit. Just remember you need to have your entire project done by March 31st 2012 to lock in the fixed rate for 25 years. Another good point about this fixed payment is that if inflation raises so does your feed-in tariff payment.
When you get ready to have your system installed, you need to make sure what electric company you are going to be going through to handle your FIT registration. Another aspect people need to look at Company's contacting land owners wanting to rent out there land for solar farms. A couple of things you need to consider if you are confronted by these business. You should find out if they have the type of fund to get there project of the ground, or if they have done any work anywhere else. There is only such a small time frame in order to be able to lock in the rate for 25 years. If they are successful the will be paying you a small percentage fee for your land. A wealth of knowledge can be found on the internet regarding home solar photovoltaic systems. It is of the opinion of many industry experts that the familiar rent-a-roof schemes will not allow consumers to benefit from the Feed-In tariff in a fair way. However, this being said, this method ensures that energy will be supplied to the house for free for the 25 year period.
About the Author
For specialist solar pv installation, visit http://www.evoenergy.co.uk and for commercial, http://www.evoenergy.co.uk/Commercial-Base.aspx
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