More FiT changes in April 2012?

As the big day signifying the end of FiT alleged consultation draws near, little hints from Uncle Greg Barker seem to make us think he is looking to try and drop the 21p FiT rate yet again from April 1st.

Coupled with the proposed excessive energy saving measures most buildings will have to endure simply to be able to receive a barely adequate FiT rate, which is incidentally timed to drop in at the end of March, will most definately mean yet another 'last minute rush' of PV installations.

As already, PV buy-in costs have been dropping, meaning we are able already to install a 4kWp system for just £9,250. For a South facing roof, this will give people a 10% return, though not so good for either East or West! PV is still proving to be a great investment, and one of the good things that the lower 21p rate will lose the market sector of dodgy charlatans overcharging for poorly designed installations.

Good luck to the re-hearing of the case brought by Solar Century, Homesun and Friends of the Earth agains the Government to quash the FiT rate and rapidity of dropping us into a financially desperate situation. see http://tinyurl.com/c3bafun