For years now, we’ve been forking out huge amounts on our energy bills. With the big six companies recently announcing their latest price hikes, it can be really frustrating to read that these providers are enjoying a five-fold rise in returns, as The Telegraph reports – while many of us struggle to meet the payments.
However, have you ever thought about turning the tables and making these energy companies pay you? With renewable energy sources, this is a possibility.
Take solar panels, for example. These clever panels are attached to the roof of you home, and convert sunlight into electricity. What’s generated can then be used to power your home, eliminating the need for pricey energy companies completely.
A lot of people are put off by the initial installation costs of these solar devices, but they are well worth the investments, as the savings are instantaneous. Plus, if you choose a wholesale company like BayWa-re Solar Systems, you can reduce these costs, increasing your profit margins.
In an effort to encourage people to live more environmentally friendly, the government has introduced the new Feed in Tariff. Under this scheme, the government will actually pay you for generating your own electricity, even if you’re using it in your own home. The amount you get paid can vary, but generally speaking, you will receive around 4.5p per unit of electricity.
Another way you can make money is by selling the excess electricity that you generate back to the National Grid. In many cases, this provides a handsome return and is a great way of making some extra cash.
As you can see, using renewable energy sources is not just beneficial to the environment; it can also be advantageous to our bank balances. In the future, it is almost certain that the majority of houses will make use of this green technology, so make the jump now to avoid the rush later.
This post was supported by BayWa-re Solar Systems.
Photo: Solar panels on roof from Shutterstock