Countdown until solar tariffs are scaled back

Wednesday, 18 July 2012 2:20 PM

Homeowners and investors looking to install solar panels need to get a move on if they want to take advantage of the high feed-in tariff rates.
The tariff for installed photovoltaic (PV) solar panels on UK rooftops is to be scaled back from the end of July.
Currently the feed-in tariff (FiT) sits at 21 pence per kWh which will drop to 16 by August.
This is a drop of 23 per cent and was originally due to come into force at the start of April but delays pushed the dates back.

"As the deadline approaches, there is indeed pressure to install PV panels quickly in order to secure the higher FiT rate but even with just a few weeks to go, investors shouldn't feel that they have missed the boat,”  Marcus Vassiliou from EcoInvestments said.
"The UK as a whole has been very responsive to government drives to increase renewable electricity production through solar PV panels.
“Investors can benefit from near double-digit regular returns from modest outlays, with the security of knowing their investment is pegged to inflation."
In the week ending June 3 the rush had already started with about 1, 788 solar installations completed according to the Department of Energy and Climate Change.
Get in before the end of July to take advantage of the higher tariff.
 

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