News

Solar power investment 'makes sense'

 
23 April 2010

Brits investing in a bespoke conservatory or other form of home improvement may wish to combine it with solar power.

It was recently predicted that the renewable energy source industry will become a "really good growth market" in the next few years.

Going Solar co-founder James Meynell explained that there had been a rise in interest in Photovoltaic (PV) panels, which has been helped by the government's feed-in tariff initiative that was announced earlier this year.

"You're not only going to save yourself money by producing your own electricity ... the government gives you a certain amount of money back just for producing that electricity," he explained.

Mr Meynell added that he hopes the government will roll out similar incentives for other things like water-heating solar technology.

The Department of Energy and Climate Change explained that a well-placed solar panel could earn homeowners a £900 grant and cut their energy bills by £140 per year.

Posted by David WaxmanADNFCR-2746-ID-19738114-ADNFCR

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