Free money, courtesy of the sun and the government
In the week when doomsayers predicted that the cost of gas and electricity would shortly rise to a level where it would be cheaper to have liquid platinum piped into your house instead, the government have launched a solar power initiative that could save the lives of millions of penguins and make you some hard cash.
From 1st April, the government will pay new users of solar power for the electricity they generate, even if they use all of it themselves. Obviously, you’ll need an initial outlay for the photovolatiac (PV) solar panels (between £10k-£12k) and a south-facing, obstruction-free roof.
But after that, you’ll be paid 41.3p per kilowatt hour generated, which the government reckon will earn you as much as £900 in payouts, not to mention a saving on your regular bills of about £140. Better still, the payments will be guaranteed for the next 25 years and will be linked to inflation.
Early adopters who have already installed PV panels will also be rewarded, but at a lower rate. As the clever man in The Guardian who we’ve sourced the story from says: “If the government offered to pay you £1,000 a year for the next 25 years, in return for an up-front investment of £12,500, you'd snap it up in a second.” And that, in a nutshell, subject to many, many boxes that you’ll need to tick first, is what you could be getting.
It seems the sun has got his hat on. Hip hip hip hooray! Or something.