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On April 1st 2010, the feed-in tariff came into effect, making a solar panel installation a very attractive investment indeed. If you opt for an off grid system, then you will not benefit from this scheme.
The feed-in tariff applies across England, Scotland and Wales which are designed to incentivise solar panels, by offering “Clean Energy Cash Back Scheme” which is the rewards proper name. Homes and businesses implementing micro generation systems including solar PV panels, will be paid for the power generated. This still applies if you use all of the electricity yourself! The rates will be paid well above the rate at which energy companies normally sell electricity.
The price paid per unit for power you generate and then use yourself will be 21p. For power, you generate and export back to the grid (surplus to requirement) you will receive 44.3 pence per unit (3 pence per unit extra).
If you are lucky enough to opt for an on-grid system, then it is worth your while.
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