By harnessing solar energy, Solar PV FITs mean that anyone generating up to 5 megawatts of electricity can receive payments for every single unit of electricity, with additional payments for every unit of surplus electricity that's fed back in to the grid.
These two potential earnings, in addition to the enormous saving each year on electricity bills, mean that the average home will be up to £835 better off each year.
Feed In Tariffs enable householders to generate clean energy in a number of ways, including wind turbines, water turbines and solar energy. However, the most popular and the most convenient option for most people is a Solar PV system, and as long as your home has a roof that faces somewhere between South West and South East, then you can now benefit from Solar PV Feed In Tariffs.
The FITs scheme has already been running in nearly fifty countries worldwide, including Germany's where Feed In Tariffs have been available for ten years now. In this case, Solar PV FITs have proved both enormously successful and enormously popular.
With fuel prices continuing to rise overall, and fossil fuels rapidly nearing total depletion, it has never been more important or financially beneficial to make the switch to green energy sources such as solar energy.
Under the terms of the Solar PV Feed In Tariffs, you will be entitled to receive payment for every unit of electricity generated. This is known as the Generation Tariff and will be guaranteed for at least the next 25 years. For an average three bedroom house running a typical 2kWp Solar PV system, this equates to annual earnings of around £700.
The 25 year commitment by the energy companies also means that all surplus energy generated will be paid for as it is fed back into the grid, and this could generate an additional £25 per year under the Export Tariff. With savings on electricity bills in the region of £110 per year, this all adds up to a very worthwhile investment.
But although this all sounds like a very appealing idea, many people have been put off by the idea of trying to choose and install renewable energy products such as Solar PV systems themselves, and setting up a contract with the energy companies under the FITs scheme.
Imagine looking at your next electricity bill and seeing it slashed by a huge proportion; or perhaps it might read zero, or even an amount owed to you by the energy companies for the energy your Solar PV system has generated. Householders should take advantage of these savings as soon as possible, because although the Feed In Tariffs scheme has only just been launched in the UK, time is running out.
At our current rate of consumption, all the oil in the world will have gone within forty years. Children born today will live, work and bring up their families in a world which won't even have the option of using oil.
Whether you are looking at benefiting financially from Solar PV Feed In Tariffs, or want to make a difference to the fragile world we all cling to, visit the EnergyFITs website today and find out how easy it is to start benefiting from Solar PV FITs, for a bright green tomorrow.