Are you considering switching to solar power? Are you aware of the great savings government grants can provide towards reducing your costs? Solar panel costs are indeed on the rise, but you may not have to shoulder the burden entirely.
Financial Implications of Solar Power Investment
Without question, the financial benefits of switching to solar power can be considerable. Using the power of the sun to generate energy provides you with energy savings of up to 70%. However, there are upfront costs to installing a solar panel system. Once the system is established, little overall cost is incurred in the form of maintenance.
The UK government offers grants to individuals and families in the form of a feed-in-tariff to help finance the installation of solar power systems. If you wish to receive government assistance, you do need to meet the eligibility requirements.
/Solar Panel Cost UK Government GrantGovernment grants can be used to cover the costs of equipment, labour, and installation. The exact amount of the grant varies on a number of factors including your area of residence, system size, and the energy generated.
How Much Is The Grant For Solar Panels?
Bank Support for Solar Investment
In addition to the grants, numerous local banks may offer payment incentives for those considering solar power investments. Banks are periodically offering mortgage-style loans with rates as favourable as 6%.
How to Secure Solar Funding Support
Securing government and bank support for your solar panel investment is easy. You simply need to do your research to identify the grants, loans, and incentives available.
Savings from Solar Power
As you can see, government grants can provide support for investment in solar power systems. With the grants and other financial assistance options, you could potentially enjoy great savings.
