Investing in solar PV can provide a better financial return than a traditional pension, according to energy and climate change minister, Greg Barker.
In an interview with the Daily Telegraph, Barker described solar PV as a “really attractive financial proposition”, and urged the public to consider investing in their own solar array.
Barker said: “Solar is a really attractive financial proposition. You get a guaranteed tariff for 20 years and if your panel is well-sited, it could yield 8% or more. That is more than an annuity, particularly if you are in your 50s or early 60s.”
Barker made the comments after visiting a couple in Sussex who installed solar to mark the completion of half a million roofs in the UK with solar arrays.
“Solar is a really attractive financial proposition…”
Mr Jones Managing Director of Energy Gain stated “Anyone considering or who currently invests into a pension should seriously consider whether solar panels are right for them, because in most circumstances, they will get a higher return than from putting their money into an annuity.”
Craig Jones BSc (Hons) MSc Technical Director
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