Breaking news -FIT's ending soon than expected?

wobblegobble

http://www.energysavingtrust.org.uk/Media/Generate-your-own-energy/PDFs/Fact-Sheet-on-the-proposed-changes-to-Solar-PV-Feed-in-Tarrif-rates

Not sure if this is kosher or not, but it will decimate the industry if it is......

bjp11scot

Caught it on CH4 news so seems to be probable - 8 December - Naafi closed

Cardew

Step in the right direction.

FIT reduced to 21p/kWh from 08 Dec 2011 and some hoops to jump through.

No change for existing customers - they get the 43.3p/kWh

keith_r59

wobblegobble wrote: »

http://www.energysavingtrust.org.uk/Media/Generate-your-own-energy/PDFs/Fact-Sheet-on-the-proposed-changes-to-Solar-PV-Feed-in-Tarrif-rates

Not sure if this is kosher or not, but it will decimate the industry if it is......

It won 't decimate it, it will kill it off entirely. I can't see many people investing in small scale solar PV if it takes a minimum of 18 years to achieve payback.

At least the early adopters are protected...... for the time being.

Update
I'm not too sure that the EST payback figures in their report are that accurate. By my own calculations a 3.96 kWp system costing £12k would only take 11 years to payback with the FIT at 20p.

Hungerdunger

wobblegobble wrote: »

http://www.energysavingtrust.org.uk/Media/Generate-your-own-energy/PDFs/Fact-Sheet-on-the-proposed-changes-to-Solar-PV-Feed-in-Tarrif-rates

Not sure if this is kosher or not, but it will decimate the industry if it is......

The web page certainly looks genuine, apart from the fact that they have mis-spelt "Tariff" in the link above. However, as someone who is borderline for getting my system installed by 8th December, I've been looking around the internet and can't find any other reference to this cut-off date.

While I can understand that tariffs need to be cut, so little notice seems extremely unfair on the installers and will lead to mass redundancies just before Christmas.

keith_r59

Here is a link to Greg Barker's speech - http://www.decc.gov.uk/en/content/cms/news/gb_solarpowruk/gb_solarpowruk.aspx

DECC will confirm details of the proposed changes to the Solar PV FIT scheme in the next few days.

Yut_Man

It looks right. They did imply there was going to be changes in there conference. But the date is very naughty. Anyone that has payed a deposit and is waiting for the fitting had better move fast or there going to be very sorry. As to new customers. forget it. My experience with getting my system has not been good, it has taken them a long time, the date seems to be when the system if registered with the electric company. Reading these forums this alone can take a while. so 1 month is nothing, 3 month at least is more realistic. Only hope is that there only thinking about it.

Cardew

keith_r59 wrote: »

Update
I'm not too sure that the EST payback figures in their report are that accurate. By my own calculations a 3.96 kWp system costing £12k would only take 11 years to payback with the FIT at 20p.

What are your assumptions for that timescale?

May we see your figures please?

mickyduck

Link does not take me correct page and cannot find any obvious article on WebSite has this been removed?
TA

cdsheldon

wobblegobble wrote: »

http://www.energysavingtrust.org.uk/Media/Generate-your-own-energy/PDFs/Fact-Sheet-on-the-proposed-changes-to-Solar-PV-Feed-in-Tarrif-rates

Not sure if this is kosher or not, but it will decimate the industry if it is......

I cannot get this link to work. Does anyone have a copy of the proposed changes?

Thanks

bris

Yut_Man wrote: »

Reading these forums this alone can take a while. so 1 month is nothing, 3 month at least is more realistic. Only hope is that there only thinking about it.

This is a long delay. I did my own registration with British gas and the whole process took just a week. I got my MCS cert and phoned the feedin tariff team who emailed me the application form, and did everything by email, the T&Cs I had to sign arrived by email within 4 days and they were printed off signed, scanned back in and emailed to them, just 3 days later I got my date for the first reading to be in by, all done and dusted.


As for the FIT reduction, I blame the rent-a-roof schemes, the system was never intended for the big companies to spend millions to take advantage of the FIT payments. The government now realise the loophole in the scheme to allow this to happen would grow out of control so they had no choice but to slash it to a level that will make it unviable.
The downside to this is that the whole industry will now rethink it's place in the market, I can see most of them failing to survive with the smaller ones going out of business very soon.

It's a bloody shame, a lot of small outfits have invested a lot of time and money in this to be killed off by the Goverments failure to control the rent a roof schemes.