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Payouts for home generators.

THERE will be a double whammy payout for homeowners and communities that generate their own green electricity. From April 1, home or business owners that fit technology such as a wind turbine or photovoltaic panel to their homes or buildings will be paid for the low-carbon electricity it generates -whether they use it themselves or not. They can also be paid extra for any unused electricity they sell back to the grid, on top of the saving on their electricity bills.

Payments are income tax free and retail price index linked -which means they rise with inflation. They're also guaranteed for 20 years -with the exception of photovoltaics (PV), which is guaranteed for 25 years, and micro CHP, which is in place for ten years.

Those who have a microgeneration system installed, must notify their utility provider, which will pay the FIT.
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Publication:Evening Gazette (Middlesbrough, England)
Date:Mar 12, 2010
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