Government’s renewable energy scheme is fit for savings

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 25, 2010 -- National renewable energy specialist contractor PH Jones has welcomed the success of the Government's Feed-in Tariff (FIT) scheme. Launched in April 2010 as part of plans to reduce the carbon footprint of UK homes, the FIT scheme has already started to generate savings for more than 2000 homeowners who have already taken advantage of this initiative.

Taking advantage of FIT scheme provides both significant reductions in both energy bills and CO2 emissions. Chris Jones, Social Housing Refurbishment Director for PH Jones explains: “The FIT scheme was developed with the aim of encouraging consumers to consider renewable energy technology installations to generate electricity on site. Through the FIT scheme, not only can consumers generate and use their own electricity for free during the daytime, but energy suppliers will also pay them for surplus electricity generated and back to the electricity grid.”

Over 2000 UK homeowners have now taken advantage of the FIT scheme in different ways. One homeowner recently told the BBC about how he opted for the opportunity of having an approved contractor carry out the solar photovoltaic panel installation for free. He then signed a contract with the solar photovoltaic installer for a 25 year lease of his roof space, whereby he uses the electricity generated for free, but the FIT goes back to the company to enable them to recoup the installation costs. The use of free electricity, as well as being able to make a contribution to reducing carbon emissions were his incentives for the project.

Another homeowner told the BBC how he invested in having solar photovoltaic panels installed, to enable to both make the savings on electricity bills on a daily basis, but also the make money by selling electricity to the grid in the longer term. As he makes a profit for every unit sold back to the grid, the cost of the installation will be recouped over the next 8-10 years, with better overall economy and improved financial returns.

“It is extremely encouraging to see such a positive take up of the FIT scheme. As a national contractor and renewable energy specialist, we understand the benefits that the scheme will bring to homeowners in terms of savings, as well as the wider impact of the increased uptake of renewable energy technologies on reducing carbon emissions” says Chris Jones.
He adds: “We are also extremely pleased to have recently been awarded MCS accreditation for the installation of renewable energy technologies, including solar photovoltaic panels, and have already been working with homeowners to provide information advice on the scheme.”

solar power     The FIT Scheme