Over the next decade energy prices are set to continue rising in the way they have been for the last few years. While people are beginning to look for alternative ways from nuclear to generate power, and environmentally friendly option like solar power is a great alternative.

Solar PV panels can offer a viable alternative to nuclear power to power your home or office, with the added bonus of reducing your CO2 emissions. Having solar panels installed can also add up to 1% to the final selling price of your home, as well as dramatically reducing your energy bills.

Solar power also has far reaching financial benefits. To get solar power installed in your home or office requires only the purchase and set up fees, and will require very little maintenance once up. But the benefits are huge, including a massive reduction in energy bills, by giving you the means to produce your own power from the suns light and radiation.

Since April 2010 there is even more financial benefit to using solar power. The UK Feed-In Tariff (or FIT) is available across England, Wales and Ireland, and is essentially a cash back system. The tariff means that any home or business generating its own energy through solar power, will be paid for this energy even if they use it all themselves. You will also be paid above the average rate of utility companies since solar power is more expensive to generate than nuclear power.

You will be paid 41.3p for every unit of energy you generate and use yourself, and 44.3p for every unit you don’t use and sell back to the national grid. There is no better time to invest in solar power. You can reduce your household costs, help the environment, and even make money, whether you use all your generated power or not.

Find out more about the UK feed in tariff rates