Mypower Website Launched To Promote Energy Earnings for UK Public
December 06, 2010 (PRLEAP.COM) Technology NewsThe Mypower Company has recently launched a website which makes it easy for the UK public to take advantage of microgeneration. This type of technology allows individuals and small businesses to generate heat and power to meet their own needs instead of using the national, centralised grid-connected energy. This approach is not only an effective way to 'go green', it allows the public to earn extra money because any unused energy can be sold back to the government grid.
Currently the company is purely focussing on their photovoltaics product – this turns solar power from the sun into electricity. Their Solar PV Panels offer an 8% return of investment, are tax-free, and index linked (meaning any money earnt will keep pace with inflation fluctuations).
The Sunday Times has put Solar PV in their Top Five investment opportunities list. This follows from the government's the introduction of a new scheme in April of this year, which guarantees the public tax-free income for the energy they produce. Titled the Feed-in-Tariff or Clean Energy Cashback Scheme, this allows for the electricity generated by a Solar Photovoltaic system to earn payment from electricity suppliers for each unit generated.
According to the UK's Department of Energy and Climate Change, a typical household that installs a well-positioned 2.5 Kilowatt (KW) Solar PV system could save £140 per year on its electricity bill. Regardless of the fact that the UK is not renowned for its sunny weather, Solar PV Panels continue to generate energy even in cloudy weather.
The overall goal of the Feed-in-Tariff program is to encourage smaller, distributed, self-generation in an effort to reduce CO2 emissions and to contribute to the renewing of the UK's energy park. This scheme has paved the way for the UK to become the fastest growing solar market for 2010, according to a report in July by iSuppli Corp.
The Mypower Company designs, supplies and installs tailored Solar Photovoltaic (PV) systems that are suitable for private homes, industrial units, farm buildings and public sector premises. They currently cover Gloucestershire, Worcestershire, Herefordshire, Oxfordshire, Warwickshire, Somerset, Wiltshire, Dorset and the West Midlands.
While not every property is suitable for a Mypower Photovoltaic (PV) Solar installation, the company provides a free, no obligation survey to determine compatibility. In addition, customer warranties cover manufacturer performance on modern PV modules for up to 25 years plus the Mypower installation for 2 years (they do not use subcontractors).
Mypower Marketing Director, Claire Davies, commented, "As a small, specialised photovoltaic installer in the UK, we are available to offer our customers highly competitive prices that make Solar PV a very good investment for today which will only increase in the future as electricity prices rise… With the feed-in tariff guaranteed for 25 years by law, this makes installing PV Panels a very low risk, high return investment by any standards."