“The government has unveiled plans to slash financial incentives for larger commercial solar panel installations on the grounds that the feed-in tariff (FIT scheme) was in danger of being hijacked by city speculators.”
The government’s move is enabled to protect the subsidy, so for the average domestic homeowner, the feed-in tariff rate will remain the same.
The scheme, introduced in April, was to encourage domestic solar installations, and was quickly latched on to and taken advantage of, by the emergence of solar parks and other large-scale commercial projects. Smaller commercial installations, such as for schools, housing associations and community projects up to 50kW will not be affected.
Stuart Lovatt from Heat my Home says, “This is welcome news from a government which is juggling the financial well being of the scheme with investors who want to cover southern England with solar parks. Taking up green belt space or the countryside to build solar parks is never a good idea, when we have so much unused roof space to use first”.
Solar panels and feed-in tariff incentives
The new, improved feed-in tariff rates will provide a level of support for all PV and solar heating panels, to ensure a sustainable growth path for the solar industry. We don’t want boom and bust in this sector.
However, caution against feed-in tariffs that may be too generous and go to the coffers of prominent business rather than domestic homes they were intended.
The level of subsidy provided for new micro generation systems has been hijacked by larger scale commercial ventures installing solar farms which soaking up the support intended for you as a homeowner.
The government has to be generous to encourage homes to take part, but not allow influential business to swallow the funds available for such a scheme.
The feed-in tariff is paid for through a levy on the customer’s energy bills rather than by government coffers. The government partly justifies its decision on the basis that solar equipment prices have fallen globally. The United Kingdom solar industry is a vital part of our green energy mix and our growing green economy of the future.
What better investment than to generate power from the sun freely, be paid for it and know that you are helping protect the planet for the future.
"Feel the pride."
Stuart Lovatt on
Founder of Heat My Home.