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Earlier today, the Department of Energy and Climate Change (DECC) announced drastic cuts in the Feed-in-Tariff (FiT) scheme which will have an enormous impact upon the Solar industry.
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Earlier today, the Department of Energy and Climate Change (DECC) announced drastic cuts in the Feed-in-Tariff (FiT) scheme which will have an enormous impact upon the Solar industry.
Initially, a budget of £867 million was put in place to provide Feed-in-Tariff (FiT) payments to those investing in renewable energy installations. Due to the healthy payback scheme, Solar PV investment saw a significant uptake with over 100,000 households receiving a payment of 43.3p/kWh for the electricity produced via their Solar investment.
The FiT scheme was introduced to encourage deployment of low carbon electricity generation, in particular by businesses, communities and individuals who are not traditionally engaged in the electricity market.
Up until 12th December 2011, those that invest in Solar PV installations will receive the Feed-in-Tariff payment for 25 years at the existing rate of 43.3p/kWh produced; an impressive rate which has historically been the catalyst for homeowners to make the investment in Solar PV.
Installing Solar before 12th December 2011 - a bright investment
As of 12th December, the Feed-in-Tariff will be almost halved to 21p/kWh produced meaning that the payback timescales for Solar PV investment will be far longer.
Reducing incentive payments for solar electricity production is the Department of Energy and Climate Change's proposal to keep the FiT budget 'under control'. The DECC also believe that reducing the Feed in Tariff will enable the overall budget for the FiT scheme to stretch further and will encourage maximum deployment.
Those that are involved with the scheme before 12th December will receive a guaranteed Feed-in-Tariff payment of 43p/kWh making it all the more important for those that are interested to make the investment sooner rather than later.
Choosing William Dyer Electrical for your Solar PV Installation
William Dyer Electrical (UK) Limited are Microgeneration Certification Scheme (MCS) accredited installers of solar panel systems.
The MCS is an internationally recognised quality assurance scheme which demonstrates our competency to install Solar PV to the highest quality every time.
Installers that carry the MCS mark are seen as the preferred option in the market place. The Microgeneration Certifications Scheme is linked to many of the key factors driving demand, such as:
• Feed in Tariff (FiT) - the funding scheme for electricity generating renewable technologies such as Solar Photovoltaic and Wind Turbines
• Code for Sustainable Homes - Sets standards for energy efficiency and energy usage for new homes
• Low Carbon Building Programme - Funding scheme for installation of renewable technologies
In addition to this esteemed accreditation, we are REAL Approved Contractors and NICEIC Approved Electrical Contractors guaranteeing that we are committed to delivering a service of the highest standard every time.
As an approved member of the Microgeneration Certification Scheme (MCS) you can rest assured that William Dyer Electrical will install a PV system to suit your requirements that will stand the test of time.
Our Accredited Solar PV Installers can design the optimum system for your site. Our PV systems range from 1kw to 100kw so whether domestic or commercial, we can offer an installation to meet your requirements.
Electrical Contractors - William Dyer Electrical provide electrical energy management and energy efficiency solutions, which allow clients to significantly reduce energy bills. For more information from William Dyer, subscribe to our blog or visit our main site at www.wmdyer.co.uk . You can also follow WM Dyer on Twitter @WM_Dyer or call 01706 212815 to speak to a Contract Manager.
William Dyer's Services:
Power Distribution , Low Energy Lighting Installation , Emergency Lighting Installation , Fire Alarm Installation , Data/ Structured Cabling , Closed Circuit Television , Intruder Alarm Installation , Electrical Heating Installation , Electrical Maintenance, Ventilation Installation, Smart Metering, Solar PV Installation
Contact Information
Katie Brown
SMPR
18 Generator Hall
Electric Wharf
Coventry
CV1 4JL
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