31 Oct 2011: Well the announcement on FIT has been made and the details are on the Energy Saving Trust website.
http://www.energysavingtrust.org.uk/Generate-your-own-energy/Financial-incentives/UK-Government-proposed-changes-to-solar-PV-Feed-in-Tariffs
And the official page from DECC:
http://www.decc.gov.uk/en/content/cms/news/gb_fits/gb_fits.aspx
This is going to be a tough decision for some. If you have determined to go ahead, you will have to consider the revised payback and balance that with your altruistic desires to 'do something good for the environment', or perhaps recognition that 5% return is still as good as the best deposit or Building Society accounts currently available. There is also reasonable evidence that having a house with good energy performance will have added resale value.
If you have decided to go ahead and now wish to reverse that decision, there is the concept of the 'cooling off period' and some of you may be able to back out, depending on when you decided and how much you are out by.
Naturally, R-S hopes you will continue, after recalculating a more rational but very slow rate of return. Consider the position of those who installed prior to July 2009 who have never earned anything, and are only getting 3.1p per unit. I propose that the government could regain some lost friends if it balanced this reduction of the FIT for new installations by allowing Pre-2009 householder to have the 21p/unit.
http://www.energysavingtrust.org.uk/Generate-your-own-energy/Financial-incentives/UK-Government-proposed-changes-to-solar-PV-Feed-in-Tariffs
And the official page from DECC:
http://www.decc.gov.uk/en/content/cms/news/gb_fits/gb_fits.aspx
This is going to be a tough decision for some. If you have determined to go ahead, you will have to consider the revised payback and balance that with your altruistic desires to 'do something good for the environment', or perhaps recognition that 5% return is still as good as the best deposit or Building Society accounts currently available. There is also reasonable evidence that having a house with good energy performance will have added resale value.
If you have decided to go ahead and now wish to reverse that decision, there is the concept of the 'cooling off period' and some of you may be able to back out, depending on when you decided and how much you are out by.
Naturally, R-S hopes you will continue, after recalculating a more rational but very slow rate of return. Consider the position of those who installed prior to July 2009 who have never earned anything, and are only getting 3.1p per unit. I propose that the government could regain some lost friends if it balanced this reduction of the FIT for new installations by allowing Pre-2009 householder to have the 21p/unit.
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