DECC have today confirmed the booming solar industries worst fears by publishing their “consultation” on feed in tariff cuts for PV systems.
The table above shows the proposed deep cuts will apply to all new installations completed after the 12th December 2011. This gives customers and installers just 6 weeks to complete any existing contracts at the current rates.What’s more although the proposals are “out for consultation” the changes in tariff levels come into effect before the consultation is due to close on the 23rd December.
David Houston, Director at Chester based PV FIT Ltd, says: “Today’s announcement confirms our worst fears and makes a mockery of the coalitions claims to be behind renewables and their intention to ween people off centralised produced power”.
The proposed domestic tariff levels, which are apparently “out to consultation”, mean a 4kW pv system on an optimum South facing roof will now take 11.3 years to payback, up from 6.5 years under current tariff levels.
“We accept that costs of PV equipment have come down in the 18 months since the FITs were introduces in April 2010. These savings however only translate to a 30% saving on a fully installed system. A knee-jerk 50% cut to FITs is disproportionate and will severely affect investor confidence in a sector which has already seen large PV systems disappear over night due to similar draconian cuts earlier this year” says Houston.
The full details of the comprehensive review for PV FITs consultation can be found on DECC’s website. Other proposed changes include:
Introduce new multi-installation tariff rates for aggregated solar PV schemes i.e. where a single individual or organisation owns or receives FIT payments from more than one PV installation, located on different sites.
a new energy efficiency requirement for FITs for solar PV (see section 3 of consultation for more detail). The new requirement would apply to all new solar PV installations with an eligibility date on or after 1 April 2012 which are attached to or wired to provide electricity to a building.
Many are predicting a solar gold-rush up to the government’s imposed cut-off point of 12th December, after which solar firms will be left to reassess their offerings. There are likely to be severe job cuts in an industry which has created over 20,000 new jobs in the past year.
David Houston advised, “PV FIT currently have spare capacity in the lead up to the 12th December. To avoid disappointment you will need to book your installation ASAP – if you haven’t already had a quote we can survey over the phone in 10 minutes and will email a quote same day”.
In the lead up to 12th December PV FIT are offering full installation at following prices:
Call today for your free solar PV quotation on 0344 567 9032 or fill in our free solar survey.
We hope you have enjoyed the recent spell of great weather across the UK. Our customers certainly have, and we have been inundated with positive feedback regarding the performance of their PV systems. To celebrate we are pleased to offer £200 discount for any new orders received by the end of May.
Our May offer is available to all existing and new enquirers…
- If you already have a quotation and it has expired please contact us to confirm pricing before sending your order.
- If you haven’t yet had a quotation all you need to do is complete a telephone survey – only taking 20 minutes – and we then email your quotation.
We only offer top brand equipment and high quality solar inverters with built in web monitoring as standard, giving you peace of mind that your PV system is working as it should be.
Here’s how Mrs Tucker’s 3.675 kW, 15 x Sharp 245Wp panels, has performed since her system was installed and commissioned on the 17th April:
Mrs Tucker says:
“I would like to thank you (PV FIT Ltd) for all the help and support you have given me over the past couple of months while I contemplated the roof panels. Not many firms would have replied so quickly to my emails and explained everything as clearly as you did.
At the moment the Nedap programme tells me that I have made £6.65 since it started operating so that is a good beginning!”
Solar systems account for over 28,000, with 11,000 installed in the first three months of 2011
Government figures released today show a record 11,314 PV systems fitted over the first three months of 2011, despite the perceived threat to feed-in tariff levels posed by the government’s early review.
In total, 30,140 renewable energy systems have been installed over the past year, representing 111MW of capacity. Just over 26MW of the 111MW was from the non-domestic sector.
But although 111MW represents an increase of almost two-thirds on the 67.9MW in place at the end of 2010, and over double the amount fitted after the first six months, this amounts to around 0.1 per cent of the UK’s total electricity generation.
The government’s review does not seem to have affected take up rates for household solar, but the fact that payment rates for larger PV projects are likely to be slashed could explain why only one has come online to date.
For the full article see Business Green
PV FIT Ltd can assist with any domestic or commercial solar pv project up to 5okW in output, which will not be affected by the likely cuts to tariff levels expected for systems above 50kW.
In order to get a quotation all you need to do is fill in your details on our quick form, or call us on 0844 567 9032 and we will contact you to complete a free solar survey.
PV FIT are pleased to offer the excellent Siliken pv modules were recognised as the best in Photon 2010 Laboratory test.
On average the Siliken modules were shown to generate 5.9% more power than the average value of all the modules studied, and 12.4% more than the minimum value recorded. This is impressive as the list of participants includes manufacturers such as Sharp, BP Solar, Kyocera and Schott.
Siliken modules are manufactured in Spain, and are members of the European Photovoltaic Industry Association (EPIA), and PV Cycle, an association whose goal is to implement the photovoltaic industry’s commitment to set up a voluntary take back and recycling programme for end-of-life-modules and to take responsibility for PV modules throughout their entire value chain.
Other key features of Silken branded modules are a 10 year manufacturing defects warranty, plus performance guarantees of 90% for 10 years and 80% for 25 years.
Contact us today for your free solar survey.
DECC says it is in “listening mode” as evidence suggests virtually all mid-sized solar projects will be ditched if incentive cuts go through
The chilling effect of the coalition’s proposed cuts to feed-in tariff incentives on planned solar projects with 50kW capacity was hammered home
last week with the release of new data suggesting that virtually no mid-sized installations will go ahead if the incentives are slashed as planned.
“We’ve all had our rant about the cuts, now we need to help ministers with the evidence they need to make decisions,” Dave Sowden, chief executive of the Micropower Council, told BusinessGreen. “It is still a bun-fight, but it is turning into an evidence-based bun-fight.”
One developer undertook to provide a detailed analysis of the rates of return available to firms at different locations and under the current and proposed tariff regimes.
The analysis found that, with the current tariffs, firms deploying the projects could expect to receive rates of return before tax ranging from 7.1 per cent for a 100kW installation in Edinburgh to 11 per cent for a 500kW array in Plymouth.
In contrast, once the tariff proposed in the government’s consultation is applied, none of the projects attains the five per cent rate of return DECC has said in its impact assessment that it wants to achieve. The best rate of return is 4.7 per cent for a 100kW array in Plymouth, while all other projects would deliver returns of between 3.8 and -1.2 per cent.
For full story see BusinessGreen