Germany has invested nearly £10bn in solar energy PV schemes, and Sweden has made it very attractive for consumers to install heat pumps. Other countries such as Greece and Spain are offering incentives to install solar panels.
A micro-scale solar energy revolution would depend on the government stimulating the market with rebate schemes with an attractive financial incentive. And I don't mean for a year or two. For widespread uptake of solar panels to occur in the UK, sustained policy support will be required.
A feed-in tariff scheme, which would reward people who invest in producing their own electricity via solar panels has been introduced in most European countries, especially in Germany where solar energy has really taken off.
Alternative incentives include grants to cover half of the initial costs of solar panels and their installation. If the UK government subsidised half the cost of some of the technologies, it would save 14m tonnes of carbon emissions a year, or 3% of all emissions.
A third option would be to offer discounts in the form of low-interest "soft loans" but this could lead to the life of the loan probably exceeding the life of most power units.
One other option is to build and install solar panels yourself. This would eliminate a large part of the overall cost. For more information click here.
The solar energy industry has called for clear targets which it said would lead to greater certainty for investors and lower costs for consumers.
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Efficient Energy Saving.
If you are looking to install solar energy in your home, I have some good news. I have teamed up with Amazon UK to bring you the very best deals on solar products. For our UK store click here.
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