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Solar Power is a good investment, say experts

Solar is still a viable prospect for many UK homeowners despite the recent gloomy headlines, according to renewable energy experts.

While many homeowners are aware that the Government has slashed solar subsidies, they may not know that the solar industry has also significantly cut costs, making it a strong investment for many homeowners.

According to the Solar Trade Organisation, solar power produces a return on investment of up to 10%, a similar figure to when the Feed-In Tariff scheme began.

David Maloney, director of Elf Eco renewables believes that solar, alongside providing homeowners with an excellent return, is a good way to help the wider business community.

He commented: “By investing in solar power not only do householders protect themselves
from rocketing electricity bills, they help local businesses and employment.

“Our aim is to use the earth’s natural energy resources to reduce the use of expensive fossil fuels and make the world we live in a healthier and greener place to live today and
for future generations.”

More than 250,000 solar panels have been installed across the UK since the Feed-In Tariffs were launched in April 2010. Since then the industry has grow to employ around 25,000 people and rising.

Virginia Graham, Chief Executive of the REAL Consumer Code added; “It is true that solar power can still offer attractive to returns to householders in the right circumstances.

“We recommend anyone interested in installing solar power to ensure the supplier is listed on the REAL and MCS websites and to read our guidance for consumers carefully before going ahead.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .