The S&G blog
Government review does NOT threaten domestic PV installations (unless you have a MASSIVE roof!)
The news that the governments renewable energy installation support mechanism, the Feed In Tariff (FIT) will come under premature review has generated an angry retort from the sector saying that the uncertainty is scaring off much needed investment. The good news is that there is no indication that the review will threaten the FIT rate for small domestic systems. This secures the excellent investment opportunity that is domestic scale solar PV that can give a guaranteed return of 5-12% on an investment for the next 25 years.
Unfortunately uncertainty over the FIT scheme for mid-sized commercial scale roof mounted systems (less than 100kW or 900sqm) will slow the PV market slightly. The faster the market grows the greater the efficiencies of the supply chains become and theoretically the cheaper the end product. For this reason this review may slow the significant price decrease that has been seen since the introduction of the FIT.
Whilst The FIT was never designed to support large scale solar farms (up to 5MW or 45,000sqm ground mounted) that work on a model of large scale investment and are criticised for not benefiting local communities relative to the income generated to investors, these mediums sized systems that can provide great benefits to industrial parks, farms, community centres etc. should be supported under the scheme.
Find out if you can install a solar system and get quotes from local installers at www.saveandgenerate.com
