Thousands of homeowners are being attract to loan their roofs to a solar power firm in return for cheaper electricity bills. Those of them who agree to having the panels installed free of charge will see their bills fall by up to two thirds, but they also must agree to keep the expansive power cells on their roofs for 25 years and allow access for maintenance.
The solar pannels which cost £10,000 are being offered for free by firm Isis Solar. This movement for Isi Solar means that they takes advantage of a Government scheme that pays renewable energy firms a set amount for every unit of electricity they generate and finally they paid 41.3p per kilowatt-hour of electricity and could expect to earn £1,100 per roof each year.
People who can’t afford the typical £10,000 cost of installing their own solar panels can go green without digging into their pockets they must have a south-facing roof with at least 24 square metres of unshaded space to qualify and would receive a reduced bill for the energy they use. The surplus electricity generated would be fed into the grid.
Isis Solar plan to install an array of 3.3kwh panels on 18,000 houses within five years as Lawrence Buckley, its director, told The Times: “We aim to make domestic solar energy as accessible to as many people as possible, not just the few who have up-front cash.”
The Government scheme, which costs £8billion over 20 years, has, however, been criticised for being expensive because it is set to cost all electricity customers an extra £8.50 a year on their bills.
The Right-wing think-tank Policy Exchange said it would cost consumers £460 per tonne of carbon saved on this basis. They suggested that insulating water heaters or installing programmable thermostats could cost only £10 per tonne.
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