The government announced today that they are more than halving the Feed-in-Tariff for solar PV systems installed and certified after December 12 2011. Systems installed after this deadline will only receive 21p for every unit of electricity generated, rather than the current 43.3p. This extends the payback period of a system to up to 25 years and obviously makes installing a solar photovoltaic system in your home much less financially attractive. The Renewable Energy Association suggests that this move could leave 25,000 in the solar industry out of work.
As solar panel installations only make up a proportion of our work, we’re confident Lime Circle can ride this storm, but we do feel for companies that rely solely on solar PV work, and their clients who have paid a deposit but won’t see their system installed in time. This is a savage blow to the UK’s developing renewable energy industry, and a dark day indeed for the so-called greenest government ever.
If you are looking for a solar PV installer in the Nottingham area who can fit a system ahead of the December 12 deadline, we do have some installation slots available but they’re going fast – get in touch to arrange a survey and reserve your solar PV installation slot today.