Solar electricity systems use free renewable energy from the sun and convert this into electricity, which can then be used in the home and the excess exported to the national grid.
Under the new Feed-in-Tariff (FiT) scheme, your energy supplier pays you for every unit of electricity your solar electricity system generates, whether you use the electricity in your home or export it to the national grid.
As FiT rates will decline over time, Tesco Renewable Energy has been launched to help as many customers as possible benefit from the higher FiT payments – the average customer can expect to make £764* tax free a year.
Even better, you can keep the free electricity you generate to use in your home, which could save you an additional £114* in the systems first year!
Top Tip:
After April 2012 the FiT rate will decline by 8.5% every year, meaning you won´t get as high a rate for every unit of electricity your system generates compared to the rate you will receive if you install one now.So apply today!
For more information:
Download your free guide ´Understanding Feed-in-Tariffs´