Thomas Edison 1931
Feed-in Tariff reduction not all bad
Written on Friday, 20th July 2012 by GHE Solar
The latest reductions in the feed-in tariff which comes into effect on the 1st August although on the face of it fairly large at the lower end of the scale (0-4 kw reduces from 21p to 16p per kilowatt generated) when you look more carefully at the figures the 10 to 50 kw rate of 13.5p is much more reasonable.
For farmers and industry that have roof or ground space an install between 10 and 30kw can be installed and then drawing the 13.5p fit plus the increased export payment of 4.5p for half the generated total and then if the energy is all used on site a further saving on purchased energy can push the returns back up to around 12.5%.
The next couple of months will see good retuns on investment in PV installations with keen panel and inverter prices and the slow down in smaller domestic work increasing the competition in the market so giving clients the opportunity to get top value for money.
If you are in farming , industry, warehousing or commercial property ownership now is the time to start reducing current overheads and fixing some of your energy costs for the next 20 years.
At GHE we have experience in all types of pv installations,hot water systems and heat pumps and are happy to provide expert advice on how to maximise the current renewable market to your best advantage.