Solar feed in tariffs were introduced in the UK on April 1st and this is no April fool we can assure you.  It is a fixed term scheme set in stone and UK law.

In simple it means one thing and one thing only.  You invest in the installation of a Solar PV system and in return you get paid for generating electricity.

Do not make any assumptions here.

You get to use the energy generated and you still get paid for the units you generate.  To everyone that understands how this work the question still comes back – but this is too good to be true?  It is and that is the way it is.  The only downside is simple.  You have to pay for the system up front.

So, you install a Solar PV system and within 10 years it has paid for itself, after this period you get a) free electricty and b) you get paid for generating it.  It really is this simple and this easy.

Draw back number 2.

The scheme is only for 25 years – so you sign up now you get 25 years payback you sign up nexct year you get 24 years payback you sign up in 2012 you get 23 years payback you get it?  This is a fixed term scheme and the clock is ticking.

If you haven’t taken up this opportunity with the next 5 years you’ve missed a real opportunity to make money from generating your own electricity.