How affordable is solar energy today?
The government has and is making massive changes to how solar panels operate in commercial and domestic premises.
Solar Photovoltaics
With the new Feed In Tariff (FIT) paying up to 41.3p/kWh for every unit of electricity generated solar photovoltaics (PV) are now an investment that cannot be ignored. For example a 4kW PV system can now offer a Return on Investment of up to 10% tax free. This makes solar PV more affoardble than ever.
Solar Thermal
Does this leave solar thermal systems out in the cold. Well, not for long. The government outlined a new Renewable Heat Incentive (RHI) that is planned to come into law in April 2011. This scheme plans to pay 18p/kWh for every unit of heat generated by the system. The RHI will certainly put solar thermal system back on the map.
So our conclusion is that Solar Panels have never been so affordable.