Tuesday 1 November 2011

Time is ticking away!

Yup!.. The 'leaked document' from last Friday, although claimed to be incorrect, was not really so far from the truth!
Though the FiT rate will be dropping from 43.3p to 21p a generated unit, the rate of return will still be good for southerly facing PV systems. Plus after 12th December installed PV costs will be dropping again.
It looks like the payback time on a typical 2kWp system will be around 11 years for a South facing system after the new installed costs come out in the next few weeks.
As the return will still be far better than the Banks can offer (around 6.5%), Solar PV still offers one of the best investments around.

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