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The UK government has launched a new scheme to help consumers save money on their energy bills and reduce their carbon footprint.
Feed-in tariffs will allow households and businesses to generate their own electricity and sell it back to the National Grid.
They will receive guaranteed payments for each unit they produce and an extra three pence per kilowatt hour for every unit they do not use.
According to the Department of Energy and Climate Change, a “well-sited” 2.5 kilowatt solar photovoltaic installation could provide savings of £140 a year.
It could also allow householders to earn £900 a year from the energy they generate. Commercial companies can achieve even greater results
In addition to feed-in tariffs for consumers, the government has also announced the launch of its Carbon Reduction Commitment Energy Efficiency Scheme for businesses.
The initiative is designed to boost take-up of cost-effective energy efficiency measures that are not yet being utilised.
Energy and climate change secretary Ed Miliband said: “The UK is leading the way in tackling climate change.
“Organisations and householders can play a central role in leading the move to a low-carbon economy whilst saving money on their energy bills.”
The launch of the new schemes comes after the government announced that greenhouse gas emissions were cut by 8.6 percent in the UK last year.
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