Government Incentive for solar panels: There is a government incentive available to assist homeowners with the cost of installing solar panels on their property. This incentive pays for a specified sum of money over a period of time. A vast majority of houses are eligible for this particular incentive.
These incentives begin at up to UK thousand pounds and increase based on the actual value of your property. There are several different schemes which fit in this category and can help you save money on your electricity bill. In addition to receiving these Government incentives, many homeowners are also encouraged to purchase power-smart appliances that will use less electricity once the system is in place, saving even more money on their overall fuel bill.
Families are unaware of the Government Incentives
Many homeowners are now choosing to install solar panels on their property, especially those which are located in the more remote areas of Cornwall. The reduced energy bills that come with owning a PV powered home means that more people in Cornwall are able to relax and enjoy their lifestyle.
This area enjoys exceptionally low temperatures throughout the year, which makes it a great place to take a dip or work outside when the weather permits. However, many of these families are unaware of the Government Incentive for Solar Panels, which provides financial assistance for those families who wish to go ahead and install their own PV powered homes.
Install solar panel on your property
This is a tax-credit scheme which is open to anyone who wishes to install solar panels on their property. The tax credit helps to offset the cost of the installation of these PV panels. Although the feed-in tariff will offset a large part of the initial cost, the tax credit is there to make sure that you keep your panels clean and to maintain them over time. This will allow you to claim back any additional expenses such as cleaning and maintenance bills which exceed the amount which you have claimed. A further tax credit is available to those who wish to claim a further 25% of the installed feed-in tariff (PIT) in order to claim further tax rebates.
It is important to remember that many people approached looking into a renewable energy system for the home in Cornwall are doing so because of issues with regards to electricity. Many rural residents that rely on coal or other form of renewable energy have found that they have increased their monthly power bills. There is also the issue of carbon monoxide poisoning, which can sometimes be deadly. If you live in an area that receives high levels of this gas, it may be worth considering installing some type of battery storage system to store the power that is produced by the solar panels.
One of the main benefits from using a renewable energy system is the cost savings that you will experience. Although many consumers will be initially put off by the idea of installing large quantities of renewable systems, they will quickly realise how much money they can save in the long run. Installing battery storage is particularly beneficial as it can help you cut your monthly outgoings.