Feed in tarriffs cut for solar PV panels

The Department for Energy and Climate Change (DECC) have announced that Feed in Tariffs for solar PV panels shall be cut by 51% on the 12th December 2011.

This means systems of up to 10kW will drop to 16.8p/kWh and for systems of between 10kW and 50kW it will be 15.2p/kWh for installations after this date.

In recent months, Sam Starkey, at Rostons has had a significant number of enquiries from Farmers and Landowners interested in PV Schemes, these range from intensive poultry units to agricultural units with grain stores all of which have huge power requirements.

Commenting on this cut in FIT’s, Sam Starkey believes it may be the end for many solar PV installers which have entered the market for short term gain.  The next few months could see an extremely tricky market for those looking for installation of such schemes and advice should be taken.

DECC hope this realignment of FIT’s shall put the industry on a firm footings so it can remain prosperous rather than being a boom and bust industry.

The PV Installers which Rostons are talking anticipate that there could be some movement in the price of PV Panels which, if this is the case, will see capital costs drop significantly and the feasibility of solar panels installations, especially for higher electricity users, remaining strong.  Those suppliers and installers who wish to continue to work in the market place may well be forced to reduce their own profit aspirations to make the schemes viable for all.

For further information contact Sam Starkey at Rostons office on 01829 773000