npower Welcomes Cash Rewards For Low Carbon Electricity And Heating

Released on: February 05, 2010, 8:22 am
Author: npower
Industry: Energy

npower has welcomed the Government's announcement regarding Feed-in-Tariff (FIT) levels and urged consumers to buy now to take advantage of the Government scheme.

The scheme offers financial assistance when installing solar PV panels, potentially earning customers £986 per year.

Julia Lynch-Williams, Director of Energy Services for npower, commented: "According to Government calculations, consumers generating their own electricity from solar PV panels could earn approximately £986 per year from tax free generation payments and bill savings combined.

"The new Feed-in-Tariff arrangement means homeowners have the opportunity to earn more than ever before from generating their own electricity and together with a grant, solar is certainly a more attractive investment than it’s ever been. Given that the Government has increased generation levels since the consultation in July, now definitely looks to be the best time to buy."

With a typical installation costing around £12,000, FITs will see the payback period considerably reduced.

npower has seen enquiries in solar panels increase by 200 per cent since the Feed-in-Tariffs were first announced in July 2009, and expects this trend to continue.

To help homeowners take advantage of FITs, npower solar offers a complete 'one-stop-shop' service including site survey, grant application support, installation and buy back of excess energy.

npower's website includes guidance for homeowners on solar installations, including a suitability calculator which tells homeowners whether their property is suitable for solar installations and offers a free estimate for installation.

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About npower:
npower has 6.6 million residential gas and electricity accounts throughout the UK. npower is a market leader in renewable energy. Consumers can join the energy industry discussion on npower's interactive debating website - the brighter energy debate, where they can post their questions, views and comments.

npower is dedicated to helping UK businesses use energy more efficiently and therefore spend less money on their bills. It aims to have a positive impact on the communities it serves and reduce customers' carbon footprints whilst always improving service.

Npower hometeam installs, and services boilers, in addition to offering boiler repairs and a wide variety of heating cover options in conjunction with homeserve. Those interested in taking part in energy industry discussion can visit npower's interactive debating website brighterenergydebate.npower.com where users can post questions, views and comments.

For media information please contact the npower press office:
Nick McHugh
Press and Public Relations
npower
Oak House
Bridgwater Road
Worcester
WR4 9FP
0845 070 2807
www.npower.com