"How You Can Make A Wise Investment"

Are you a homeowner with money invested or some spare cash?  A significant lowering in the price of rooftop solar power units in recent months has turned the government's feed-in tariff scheme into one of the most lucrative financial propositions for households with the right sort of property .  

The scheme was introduced in April 2010, when the government introduced generous feed-in tariffs to encourage households to install solar photovoltaic systems. Back then, anyone spending, say, £13,000 up front to fit a 2.5 kWp system to their home was paid 41.3p per kilowatt hour (kWh) generated – enough to earn them a typical annual income of £900 a year in payments, on top of a £140-a-year saving in reduced electricity bills. 

It was described as a good investment because payments for each unit of electricity generated were guaranteed for 25 years, paid tax-free, and set to rise each year in line with inflation. 

However, the recent cuts starting on December 12^th to the Feed in Tariff mean that the returns on a solar system which were well over 15% are now not quite so high - more like 11% with a much lower investment required.  

This is still an almost unbeatable return, it’s also an eco-friendly investment as well as being tax free and inflation linked. 

 Not only do you get this return but also the savings from the increase in electricity prices during the 25 year period. The Government’s own calculations from the Department for Energy and Climate change show that these have to rise 26% by 2015 just to meet planned carbon reduction targets.   

Homeowners need to act now to take advantage of this as even more stringent rules are being introduced on 1st April 2012 whereby minimum energy efficiency requirements for all houses to be able to install solar PV - this will be an EPC rating of "C" or higher. For some properties this could be very expensive. 

Talk now with MiPower Ltd, your local experienced Shropshire based solar installer for free expert advice as to how you can benefit from this wise investment, on 01743 719906 or visit-  www.mipower.co.uk