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Tag: Solar Pv System

Window opens for Businesses to benefit from Solar PV Feed-In Tariff as DECC delays cuts to FITs

In a bizarre move by DECC last night, Greg Barker, Minister for Climate Change tweeted “Having listened carefully to industry, we are looking at scope for pushing back a little the next proposed reduction in the #solar tariffs” he then followed that up this morning with another tweet “we are listening carefully to industry & full details of new much improved FITs regime will be published v shortly”

So what does it mean?

In simple terms DECC should have announced the details of the originally proposed cut to the Feed-In Tariff by Monday of this week in order to meet the regulatory timescales, they didn’t.  That means that the earliest any change to the Feed-In Tariff could be brought in is mid-July. In practice one of two things will happen, either it will simply be put back month, or more likely, they will keep it as it is and then introduce a slightly lower cut than planned in October, so missing out completely this interim cut.

i.e – You have another month to get your business approval to get the Solar PV installed, or maybe even another 3 months.

So what should you do NOW?

Simple get on with it, if you had plans for just one installation – do it NOW, we are already seeing pressures on some materials supplies as other parts of Europe also see FIT changes at the same time.  If you had been considering multiple schemes, get the finance put in place, and get the DNO applications in!

The Sweet Spot!

Right now, the way the Feed-In Tariff is structured, the best returns are for systems of 10kWp, 50kWp and 250kWp, that will change with the next review of FITs so don’t delay. To find out if you have premises suitable for installing a Solar PV system, it’s potential size and ROI, just give us a call on 01386 871490, and we’ll be able to quickly assess the potential for you with no obligation. – Speak Soon.

Government to Slash Feed-in Tariff for Solar PV

Energy Saving Trust FIT review fact sheet

Fact Sheet on the proposed changes to Solar PV Feed-in-Tariff rates

Last updated 26 October 2011

Introduction

The UK Government is proposing to reduce Feed-in Tariffs (FITs) for new solar photovoltaic (PV) installations as part of their comprehensive review consultation. See  www.decc.gov.uk/fits

If you install solar PV and your FITs application is received by your FIT supplier (also known as FIT Licensee) on or after 8 December 2011, you could be affected by the proposals.

Please note that these proposals are currently under consultation and are therefore not final.

However, we recommend customers should use the figures in the consultation if they are planning to install after 8 December 2011.

Only PV systems are covered by the UK Government’s current FITs consultation. Other FIT-eligible technologies will be considered as part of the second phase of the comprehensive review due to be published shortly.

Summary of proposals

The UK Government proposals which affect householders most are:

  • A reduced rate of 21p/kWh for solar PV installations <4kW – tariffs will be introduced from 1 April 2012 and will affect all installations with an eligibility date on or after 8 December 2011. See definition of eligibility date below. This tariff rate is designed to provide householders with a rate of return of around 4%.
  • New domestic energy efficiency requirements – from 1 April 2012, domestic installations must be accompanied by an Energy Performance Certificate (EPC) with a level C or above/which has completed all „Green Deal. measures. Where a domestic property does not meet these energy efficiency requirements, the Solar PV installation may receive a lower tariff.

The table below compares typical income and savings made for an average sized solar PV system in the UK along with simple payback period (cost divided by combined income and savings)

FIT Rates Total annual earnings and savings with a 2.9kW system Simple payback (years)
Current 43.3p/kWh £1,190 10
Proposed 21p/kWh £    640 18
  • 2.9kWp system, install cost of £11,500
  • Total earnings and savings include income from the generation tariff, export tariff on 50% of total generation and up to 25% of generation used on site.
  • Simple payback will depend on capital cost so the simple payback periods may vary depending on quotes received. Cost of solar PV has come down significantly over the years so we would expect the simple payback period to come down gradually.
  • Annual generation has been calculated as 853kWh/kWp using the Energy Saving Trust Solar Energy Calculator (see below) using the postcode SW1A 0AA (Westminster Palace)
 

To find out more about how this will be implemented, please download the full fact sheet:

 

Don’t delay – contact us for a quote NOW

Putting the Bloom Back in the Blossom Trail

WorcesterRenewables_earth_trim copy

wdc-tourism-blossom-trail-logoPutting the Bloom Back
in the Blossom Trail

Now when you install Solar PV, not only are you are doing your bit for the environment – so are we!

With every Solar PV system that you purchase this spring from Worcester Renewables, we will absorb the VAT and donate that to a trust set up to ‘Put the Bloom back in the Blossom Trail’
To find details of the scheme,
click here:
wdc-tourism-blossom-trail-logo

“Blooming Marvellous”
To request a FREE survey and
quotation, click here:

solar_panels_on_house_475
“Quote Me”
To find details of what Solar PV is and
how it works, click here:

how-it-works
“How it Works”
To get your FREE,
comprehensive guide to investing in
Solar PV click here:

FreeSolarPVGuide
“Free Guide”
To find out how the money works,
click here:

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”FiTs Explained”

Blooming Marvellous!!

WorcesterRenewables_earth_trim copy

wdc-tourism-blossom-trail-logoPutting the Bloom Back
in the Blossom Trail

Worcester Renewables commits to “Putting the Bloom Back in the Blossom Trail.”

NOTE to Editors: Not for publication before 15th February

Solar PV systems can help make the Vale “Blooming Marvellous”

Worcester Renewables, the Vale’s leading supplier and installer of Solar Photovoltaic (PV) panels today announced a major project that will help to revitalise the Vale with more blossom. For every domestic customer that orders a Solar PV system from Worcester Renewables this spring, Worcester Renewables will absorb and donate the VAT to a trust specifically tasked with “Putting The Bloom Back in the Blossom Trail”

To request a FREE survey and quotation, click here: “Quote Me”

Full details will be available on Februarry 15, publication embargoed until then…..

To request a FREE survey and quotation, click here: “Quote Me”