Since the halving of payments from the UK’s popular feed-in tariff, many consumers are wondering in PV solar panels are still worth installing. Before the reduction in the tariff, the choice was quite clear. The scheme was a victim of its own success though, with solar panel installers offering free solar panels to homeowners in exchange for the tariff payments. Home owners who couldn’t afford the initial outlay could still take advantage of greatly reduced electric bills, a great chance for many families to save money on energy.
PV solar panels shouldn’t be discounted, even if the financial gain is less with the new feed-in tariff payments. They are still worth researching to see if they could benefit your family, especially if you are interested in the environmental benefits of using energy from a renewable resource.
The feed-in payments will rise with inflation plus, if electricity costs rise, the reduction in electricity your family will need to buy will be more significant. PV solar panels can generate about half the average family’s electricity needs, depending on the installation. If companies are still willing to offer free PV solar panels in exchange for the feed-in tariff payments, this will be an even better deal for homeowners. No companies have made any announcements yet, they are waiting to see the results of lobbying efforts regarding the feed-in tariff.