MP confirms low solar installation costs
This week we received a letter from Gregory Barker MP, with some information
concerning solar and the Government's plans for renewables. The letter remained positive with its backing of
renewable technology and also commented on the fact that a 4kW system now costs £10,500 less than two
As it currently stands, installing solar panels at this price will pay for themselves within 8 years due to the
Feed-in-Tariff (FiT) payments and the vast reduction on electricity bills. The FiT payments would be guaranteed for
a further 12 years (20 years in total) and the savings on your electricity indefinitely, resulting in serious
earnings by the homeowner.
With the FiT payments being indexed linked and set to rise with inflation each year, along with increased
savings as energy prices rise year-upon-year, solar panels remain a smart investment.