Solar Gold Rush Begins
12-Oct-2011 | News-Press Release
A leading supplier of domestic solar PV systems says that households looking to beat the reduction in Feed-in-Tariff (FIT) rates next year are creating a solar gold rush.
“The Government is looking to reduce the FIT rates in April 2012,” said Dave Langford from Solar Direct Savings (SDS). “The public have caught on to the fact that these are the best ever FIT rates they are likely to see, which is one of the reasons why we are seeing such demand.”
Households fitted with solar PV will see a reduction in energy bills and also benefit from a generation tariff paid by the energy supplier for each unit of electricity made (currently 43.3p KWp), and also an export tariff which pays households for each unit exported back to the national grid (3p per KWp for 50% of the electricity generated).
This scheme is guaranteed for 25 years from first registration; all payments received are tax-free and are linked to the Retail Price Index (RPI).
So far so good – but SDS warn, like all good things, this one is coming to an end.
Dave Langford adds: “Because the FIT rate will be reduced In April (and then be subject to a continued sliding scale), installers are expecting a surge in demand later this year and in early 2012 as consumers rush to beat the FIT deadline.”
However, SDS warns that leaving your purchase until the last minute could backfire. Some installers may not be able to cope with demand. In addition, a repeat of this year’s adverse weather will make solar PV installations impossible.
“With or without the current FIT, as energy prices continue to soar, demand for cheaper and greener energy solutions will see solar PV panels becoming an integral part of the British street scene,” said Dave. “The solar gold rush is well underway.”
For further information about solar PV go to www.solardirectsavings.co.uk
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