Monday, July 19, 2010

Free solar power - too good to be true?

You can generate energy at home for FREE and have solar panels at no extra cost.
YOU know the old adage – if it sounds too good to be true, it probably is. So when Consumerwatch heard that solar panels were being fitted for free, we immediately asked: "What is the catch?"

For those who simply want to realise a dream by becoming more self-sufficient in terms of energy, then there is no catch.

You get to help the planet by harnessing sunlight that in turn cuts your bills – an average three or four bedroom house would save £150 on electricity, according to the Energy Saving Trust.

The company benefits as it gets to cash in on any extra electricity that you generate and fail to use by selling it back to the national grid.

Feed-In Tariffs (FIT) work out how much green energy has been pumped back into the national pot.

And it seems that this is where the real money-making potential lies for anyone investing in sun energy.

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