Photovoltaic Industry Update - January 2012
It has been a very uncertain time in the Photovoltaic industry over the last couple of months. Information has been hard to come by and the issues somewhat confused.
The outcome of the consultation by the government to redefine the Feed In Tariff (FIT) has still not been clarified. The way in which changes to the FIT were introduced just before Christmas has been ruled as unlawful and this has given out some confusing signals.
The Government has been given leave to appeal this decision on Friday 13th January. On that day two things will happen: the Government will have their right to appeal heard. If upheld, the appeal will be the same day and we could expect a judgement on the 16th January.
If the Government:
- Loses the appeal - pre. 12th December FIT rates apply until such time as the Department for Energy and Climate Change (DECC) legally changes them.
- Wins the appeal - lower FIT rates (21p domestic) are likely to apply, but this could change with the outcome of their consultation.
We will keep you updated as events unfold. Nobody knows the final outcome of the appeal process or the review of the Feed In Tariff itself.
The real news is that there is word from the Government that the FIT will not be reduced further in April. In fact it has been said that it could increase again (although where that would leave those that install in the meantime is anyone’s guess).
While the cost of most solar PV hardware has been reduced there is still a gap between the cheap and the quality installations. During the December rush Team UK Renewables is proud to say that while we installed to our capacity we did not compromise the quality of our workmanship or install substandard components. We will continue to do this no matter what the outcome of this process.
We are still able to facilitate some fantastic returns on investment and to offer some great deals. We continue to take care of the complete installation process, offer a high quality service and provide good quality equipment from trusted suppliers.
Contact us to arrange a site survey to see what PV can do for you
Welcome to Team UK Renewables
Team UK Renewables specialise in the design and installation of solar photovoltaic (PV) systems.
With financial incentives (ie The Feed In Tariff (FIT)) giving returns of 10% or more on investment (tax free and index linked) and utility companies putting up the cost of electricity year on year, this is the time to consider not only installing a green technology and reducing carbon emissions, but making a very good income from your capital.
We offer a bespoke in-house process that provides each client with the right system to maximise his or her investment.
We will design your system using a range of tailor-made PV products that give the best yield both of energy production and Feed In Tariff payments.
We offer a high quality professional service, taking our time to get it right at every stage and we provide a fixed price quotation to do this (with no add-ons).
For a quick on line assessment or to arrange a more detailed site visit follow the link to our contact page.
