Solar panels: a tax-free return of 10pc pa

But this is the level of return the Government claims you could receive by investing in a solar panel system for your home. If you think installing solar panels is only for those committed to ecological issues, a new government scheme designed to increase uptake of renewable energy may make you think again.

 

The Department for Energy and Climate Change's (DECC) Clean Energy Cashback Scheme is offering big financial incentives to anyone installing solar panels in a bid to make doing so stack up as an investment to even committed climate-sceptics. The cashback scheme, also known as the Feed-in tariff, has been going since April. Grants for solar panels have been abolished and replaced with a system where people who install them are rewarded for every unit of energy generated by their system. Energy companies are also required by law to buy back any excess they generate.

 

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