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Solar panels are ‘top five investment’ according to Sunday Times

The Sunday Times has placed solar panels in the top five investments for 2010.

With the introduction of the feed in tariff last April, solar panels can generate a return of around 10% on savings. The paper has advised readers to consider using this as a way of beating interest rates of around 1-3% offered by most highstreet banks.

Despite recently announced spending cuts, the coalition government has confirmed it will maintain funding for the feed in tariff in order to encourage households to switch to generating their own renewable energy.

“Given that the income is tax-free, the return on a £14,000 investment is equivalent to 12.9% for a 50% tax payer and 10.3% for a 40% tax-payer, with the investment recouped in as little as seven years. As the payments are linked to RPI, this equates to a real return of 18.2% and 15.6% respectively at today’s RPI rate of 5.3%” reports The Sunday Times.

Solar-feed-in-tariffs.co.uk has a network of approved solar specialists who’ll provide a free survey of a propety to assess its suitability for solar panels. The free services matches the user to a solar contractor, based on their project, location and property.

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