Solar Photovoltaic (PV) - Solar powerExtracting energy from the sun and converting it to electricity is a widely used concept all over the world. In the UK solar power has become extremely popular, attracting considerable interest from both industry and domestic users. Solar energy is totally clean, sustainable and of course the electricity is free once a system has been installed. A solar photovoltaic (PV) system operates using daylight as well as the sun, and will continue to produce power even on cloudy and dull days (at a reduced rate) 365 days a year. In 2010 the Government introduced a scheme now known as a Feed In Tariff, which currently pays 43.3 pence per kilowatt hour for the energy the panels produce. This scheme is index linked, guaranteed for 25 years and the revenue earned is tax free. |
The electricity produced is free to be used on site and when generated power exceeds consumption, the excess gets transferred from fuse board to National Grid, for which a further 3p per kilowatt hour is paid. With ever increasing energy costs, solar is a most attractive investment opportunity.