Thanks to an initiative from the DoE & Climate Change due to be launched on 1 April 2010, the UK is expecting to boost demand for solar energy on an unprecedented level. The proposal, known as the feed-in tariff, suggests that Britain is taking the first steps towards mass implementation of domestic renewable energy, despite some scepticism & reports to the contrary.In a recent announcement, Ed Miliband, energy secretary, confirmed a cash-back scheme in which businesses & private citizens can receive up to 40p for every kW-hour/electricity generated in solar panels & photovoltaic (PV) installations of up to 5 mW. According to estimates, under the tariff, a typical household panel could deliver about £900/pa cash back (a return of around 10%) as well as a saving of £140 on electricity. Further incentives include tax-free proceeds, & a new "pay-as-you-save" scheme. funded by renewable energy loans from banks and supermarkets.
