The Welsh government is set to invest heavily in solar energy. Solar energy providers are now being given the opportunity to bid for projects which will reach £100 in total. This will include installing solar panels on council houses as well as larger projects. Wrexham council is also getting involved in solar energy, planning to have solar panels put on schools and leisure centres, as well one in three council houses. The aims of these investments are to generate income over the longer term, and also cut pollution.
£100m Over Four Years
The Welsh government’s plans to spend £100 million over a four year period is set to create business for 22 different firms. The work will vary from the large, creating an estimated 5MW of power, to the small, installing solar cells on roofs. This is of course good news for energy production in Wales as solar energy is the most popular form of renewable energy available today. And although initially quite expensive to set up, the savings made through reductions in energy costs will end up saving money.
Wrexham council also intends to save money at the same time as saving the planet from the pollution caused by burning fossil fuels. They estimate that the schemes they are intending to impliment should reduce bills by 40% and make a significant reduction in the amount of carbon dioxide emitted. The amount of money that they expect to make, over 25 years, is over £25 million.
The UK government is already offering a feed-in tariff for all renewable energy produced, which is available to everyone. This means that, whether you live in Wales or not, there is no need to wait for another government scheme, everybody can already take advantage of the feed-in tariff.
The feed-in tariff works by giving you money for all of the energy you produce through renewable means, solar energy included of course, which is subsequently fed back into the national grid. This has been, and continues to be, a very successful scheme. So much so that the government is talking about having to cut back rates at the next spending review in 2012 because there has been such a large uptake. This means that if you are able to have solar panels installed on your roof, and you want to take advantage of the best rate, then the sooner you can have them installed the better. Whatever rate you start at will be guaranteed for 25 years, so you are sure to make money on the investment over time.
Save Money, Save the Earth
The Welsh government is getting involved with saving money and saving the Earth, and you can as well by having solar panels installed on your roof. You will be helping to stave off the effects of global warming and making a sound financial investment for the future at the same time.