Solar panels: make money while the sun shines
It is becoming more and more common to see solar panels on the roofs of houses and other buildings. After some negative publicity last year when the government slashed the feed-in tariffs (FITs) (the money that is paid in return for the electricity generated), uptake is rising again. The cost of solar panels has come down greatly over the past year or two, making it a very cost-effective way of saving on energy bills — even with the reduced FITs.
Solar photovoltaic panels convert sunlight into electricity, which you can then use in your buildings. Under the FITs scheme, you get paid for every unit of electricity you generate from the panels, even where the electricity is used in the building, as well as saving money by using less grid-supplied electricity…
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