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MEMBERS OF THE REAL ASSURANCE CODE Giving consumers better protection. |
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Do you really think solar and renewable energies are a good investment?Yes. Solar energy and other forms of renewable energy (such as Air Source) will become cheaper as people continue to invest in them. When people invest in them, this will drive down the cost-- as it already has over the last few decades. This has a snowball effect: the technology becomes increasingly usable, cheaper and convenient. Look at changes in satellite dish technology, twenty years ago, they were gigantic wieldy things only people in the country bought. As more people invested in these, though, the cost went down, the technology got more compact and now they are everywhere-hardly noticeable. Recent developments indicate that this is becoming true of solar energy too. How much do any of these renewable energy systems cost, and how much will I save on utility bills?There is no single or simple answer, even if you are only talking about one kind of energy, such as solar. Some short answers we can give here:
What are the disadvantages to solar and renewable energy?The biggest disadvantage and the only truly significant one remains the cost. For example, renewable energy technologies require a significant initial outlay. Still, in nearly all cases, this high initial cost is recovered through substantial fuel savings over the life of the product (25-40 years), What is a Renewable Energy Tariff?It is a payment made to the owner of a renewable energy system for every unit (kilowatt hour (kWh)) of energy produced by the system. The UK scheme will also pay a bonus for every unit of power exported to the grid that is surplus to requirements in the home/office/building. This will encourage efficient use of electricity as the more power you save, the more you will earn. Like international schemes the UK scheme will be ‘degressed’. This means that over time the Tariff payment offered is reduced. This does not mean your payment will decrease. It does mean that the year you start will determine your payment level and this will reduce with each year. This is to ensure the renewable industry acts to reduce its costs. In the UK Tariffs will be available for defined technologies up to 5MW in size (e.g. enough for 3 large-scale wind turbines in, say, a community energy scheme providing enough power for , say, around 3000 homes). What are the tariff rates?A description of the FIT scheme and the tariff rates can be found on the Department of Energy and Climate Change website.Generation Tariffs April 2010 - 31 March 2013: See page 26, FIT consultation response and Gov decisions
Where do I go for more Information?For more information and advise you can go to the following
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Or call us on 01933 663200
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