Npower Welcomes Cash Rewards for Low Carbon Electricity and Heating
npower has welcomed tariff levels that could offer consumers an GBP986 annual income from solar PV panels.

WORCHESTER, ENGLAND, February 07, 2010 /24-7PressRelease/ -- npower has welcomed the Government's announcement regarding Feed-in-Tariff (FIT) levels and urged consumers to buy now to take advantage of the Government scheme.

The scheme offers financial assistance when installing solar PV panels, potentially earning customers GBP986 per year.

Julia Lynch-Williams, Director of Energy Services for npower, commented: "According to Government calculations, consumers generating their own electricity from solar PV panels could earn approximately GBP986 per year from tax free generation payments and bill savings combined.

"The new Feed-in-Tariff arrangement means homeowners have the opportunity to earn more than ever before from generating their own electricity and together with a grant, solar is certainly a more attractive investment than it's ever been. Given that the Government has increased generation levels since the consultation in July, now definitely looks to be the best time to buy."

With a typical installation costing around GBP12,000, FITs will see the payback period considerably reduced.

npower has seen enquiries in solar panels increase by 200 per cent since the Feed-in-Tariffs were first announced in July 2009, and expects this trend to continue.

To help homeowners take advantage of FITs, npower solar offers a complete 'one-stop-shop' service including site survey, grant application support, installation and buy back of excess energy.

npower's website includes guidance for homeowners on solar installations, including a suitability calculator which tells homeowners whether their property is suitable for solar installations and offers a free estimate for installation.

Press Release Contact Information:

Nick McHugh
npower
PR Contact
Oak House, Bridgwater Road
Worcester, Worcestershire
United Kingdom WR4 9FP
Voice: 0845 070 2807
Website: Visit Our Website