London, England, United Kingdom (AHN) - British Gas is encouraging its residential customers to install solar panels on their roofs. The utility firm said 12 million homeowners who would shift to the renewable form of energy by tapping the sun’s rays could save up to $1,500 (1,000 pounds) yearly.
The savings come from payments that the government will pay homeowners with solar panels for the renewable power the panels generate. The payments are called feed-in-tariffs which would be paid for every unit of electricity generated. The current Fits is 41.3 pence for every kilowatt hours, regardless if the homeowner used the power the solar panels produced or not. Fits payments are guaranteed by the government for 25 years, paid through utility firms. The rate will be adjusted with inflation.
Homeowners could opt to have a free solar panel installed on their homes by British Gas, but the Fits payments would go to the utility firm. The offer is good for only the first 1,500 British Gas customers who apply. Residential solar installation save money the only question is yes or no.
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