The British government enacted what is referred to as a feed-in tarriff. Homeowners stand to benefit financially when they invest in clean renewable energy like solar panels. It’s a big commitment on the part of the government as they promise to keep paying for 25 years.
The most dramatic and immediate result of the scheme is that retailers are falling all over themselves and each other in an effort to grab a market share of the inevitable surge in solar panel sales. TESCO is the biggest supermarket chain in the UK and their foray into solar will be worth watching. I worry that the rush to supply homeowners with affordable solar power may result in products of inferior quality hitting the marketplace. Thin film technology may improve in the future, but the many of materials that were made recently are not expected to have a lifespan of 25 years.
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