50% tariff cuts start dash for solar panels

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.

 Read more – The Daily Mail

Greg Barker addresses the UK solar industry

We were waiting for him to announce the expected reductions to the Feed-In-Tariff, but no… Not yet. He’s teasing us. But the Minister of State for Energy and Climate Change did reveal that, from April 2012, homes wishing to benefit from the FIT scheme will have to meet a minimum standard of energy efficiency. This does make sense, but I wonder how it will affect business for solar PV installers like us?

Read more – Solar Power Portal

Should you join the solar panels gold rush and get a tax-free 10% a year return?

We think this is a great article. Not just because we have a vested interest in people ‘joining the gold rush’ – we obviously want more people to get involved – but because it rightly places emphasis on the quality of the installer you use to design and fit your solar panel system.

With the FIT scheme rewarding people as highly as it does right now, solar PV is as much an investment decision as an environmental one – and no-one can argue that it’s a sound investment. The problem with that is there are lot of people out there following the money and setting up solar PV installation businesses on the fly with little or no knowledge or training, let alone interest in the technology.

If you’re thinking of installing a solar PV system, always use an MCS- accredited installer – it’s your guarantee of a quality job – and beware of hard-sell techniques and too-good-to-be-true prices. There’s a world of difference between a top quality, well-made solar panel and a piece of plasticky rubbish, and unfortunately you won’t be able to tell until the installer is long gone and your system isn’t generating anything like as much free electricity as promised.

Read more – This Is Money

Warning: savers told brace for fixed-rate bond cuts this winter

The Bank of England’s frozen base rate is easing the pain for borrowers right now, but it’s not good news for savers. If you’re looking for decent, guaranteed returns on your money, consider investing in a solar PV system before the government reviews the Feed In Tariff (FIT) in April 2012. The FIT scheme rewards you both for generating green electricity and exporting any surplus back into the grid, and at current incentive levels it’s a much better long-term investment vehicle than anything you’ll find on the high street. See how you can save money with solar PV here – but don’t forget that you need to install before the government’s review to maximise the return on your investment, as the rewards are expected to reduce significantly.

Read more – This Is Money

Solar projects fire up in UK ahead of Feed In Tariff cut

We’re obviously hoping that the government doesn’t cut too much off the Feed In Tariff next April – it will be interesting to see how busy Lime Circle becomes over the coming months…

Read more – Energy Efficiency News