When you install solar panels you will save a lot of money on energy costs. The government has introduced numerous schemes to support the use of renewable sources of energy. This is a great way for homeowners and tenants to cut their electricity bills and save money. This benefit can also be obtained through grants for solar panels. To maximize your savings, however, it is crucial to select the right type of solar panels.
One of the most common grants available is the Feed-in Tariff (FIT). You will be paid for every kWh of solar electricity produced by your panels with the Feed-in Tariff. The FIT will end on March 31st 2019. The FIT will end on March 31, 2019. You can still receive payments for as long as you have a contract. The Solar Buyback Scheme is another option. It pays you an upfront lump-sum and collects your FIT.
Another option is the Energy Efficiency Grant. This grant is an incentive to homeowners to improve their apartment buildings' internal climate. It allows for up to PS1,600 in annual savings, which will be spread out in three proportions. Depending on the amount of work you do to your home, the grant will vary.
If you own a business, you may qualify for the Smart Export Guarantee. Solar panels can be used to make money. There is no limit to how much you can earn from this scheme. All licensed suppliers must offer export tariffs to customers. These tariffs are not government grants. They are available to suppliers with fewer clients.
Zero VAT Scheme is another option for reducing energy costs. It is applicable to the installation and maintenance of energy-efficient home measures. This scheme is in effect until March 2027. A solar panel can be installed without VAT, saving a family approximately PS1,000.
If your property is located in Scotland, you may be eligible for a loan by the Scottish Government. This loan is free of interest and can be repaid over five or ten years. Approval must be received within six months. Successful applicants must then pay an administrative fee of 1.5%.
The UK has introduced several additional solar panel grant schemes in recent years. These include the Energy Savings Scotland Home Renewables Grant, the ECO4 Scheme, and the Smart Export Guarantee. Each of these offers different benefits. It is recommended to look into all these programs in order to find the right solution for you.
The ECO4 Scheme provides incentives for energy-efficient improvements to residential homes. It has allocated PS4 billion to this purpose, which includes an investment of PS4 billion in solar panels and heat pump. The UK government committed to reducing the country's carbon emissions by 32% over this period. You should take advantage the many grants and incentives that are available until you reach this target.
If you have been searching for a grant for solar panels, it is a good idea to get in touch with GreenMatch. This service will help you find the best deals available. They will review the most recent government news regularly, so you always have the latest information.