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Posted Wed Aug 25 2010: from Guardian:
British Gas launches solar panels scheme with '1000 pounds a year profit' claim
More than 12 million homeowners would be in line to save up to 1,000 pounds a year, should they install solar panels, says British Gas. The utility firm is the latest in a host of companies offering to install electricity-generating systems on homes to take advantage of a government scheme that pays the owners of solar panels for the 'renewable' electricity they generate. The sudden allure of solar power is less to do with planet-saving and more to do with companies or individuals banking the lucrative feed-in-tariffs (Fits) for every unit of electricity generated - currently 41.3p per KWh, irrespective of whether you consume the power at the time or not. British Gas says the Fits payments can be worth 1,000 pounds per annum, though with export tariffs (for power not used) added, they can be worth even more. They are guaranteed by the government for 25 years, are payable via the utility company, and will rise in line with inflation. British Gas has entered the market with the launch of two schemes. If you opt for its "rent-a-roof" scheme, it will install solar panels on your roof for free and you will benefit from the electricity you generate during the day. The installation is free but you will not own the panels and so British Gas will pocket the Fits cash for the length of the scheme - 25 years. The rent-a-roof deal is limited to the first 1,500 British Gas customers who apply. Alternatively, you can install your own solar panels and British Gas will offer you a two-year interest-free loan, supplied by Hitachi Capital, with which to borrow the upfront costs. You will receive the feed-in-tariffs as well as benefit from the generation of cheaper power. BG says the upfront cost generally ranges from 10,000 pounds to 15,000 pounds depending on the size of the roof.
[Read more stories about: alternative energy, smart policy, efficiency increase, renewable energy]

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Socialist energy? Not in America!

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