Green loans for Solar Electricity
Thursday, March 4th, 2010No spare cash for investing in PV Solar Panels? Then help is coming with the Government’s proposed new ‘green loan’ scheme.
These ‘pay-as-you-go’ loans will cover the capital costs of installing renewable energy, such as solar electricity provided by PV panels. You won’t have to pay back more than you’re saving. Loans will be at a low rate of interest, and can be spread over 25 years. During this period you’ll benefit from savings on your electricity bill and once paid off, you’ll receive all the benefits of the Feed-in Tariffs. Loans will tied to the property rather than the householder and if you move, the loan passes on to the new owner.
So, lots more people will be able to reap the rewards provided by PV solar panels. And reduce their carbon footprint. Looks like a Good Scheme!
