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The end of free solar panels

Solar Panels

You may have heard recently that the feed in tariffs for solar panels has been cut dramatically by the government. Essentially as at the 12th December 2011 the amount payable under the Feed in Tariff  (“FIT”) scheme has been cut from 43.3 p/kWH to 21p/kWH.  It would appear that the scheme has been a victim of it’s own success as the uptake has far exceeded what was anticipated.

The effect of this may be more significant than merely just homeowners being able to claim less money back through the feed in tariff.

There has been many schemes available where companies will offer free solar panels and free installation on homeowners property. They are able to use as much generated electricity, as they want with the FIT going back to the company that installed the panels. The rationale being that they would make their money over the next 25 years through the FIT.  On the face of it, with this tariff being cut, it would appear that these types of schemes are no longer sustainable and the days of free solar energy for homeowners are over.

Speaking to client’s in the industry this is not necessarily the case. Prices of solar PV panels have dropped significantly so this will absorb some of the FIT reduction. Also there may be scope for new schemes to emerge where although not free panels are offered, heavily subsided panels can be offered making it a more affordable option for homeowners.

The bottom line is that if you want free solar energy, now is the time to act if you can find a supplier that is able to fit a system before the 12th December.

If you are a business involved in these type of schemes or a homeowner thinking about have one of these systems fitted please contact me on wjames@fidler.co.uk or give me a call on 01623451111.

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