Summer has finally arrived in true British form, but it tried in vain to rain on the Jubilee Celebration! However, homeowners may suspect that the Government is raining on the renewable technology parade. Reviews to Solar PV tariffs have been a permanent feature of the Coalition Government's agenda, with the latest announcement from DECC on 24th May 2012. This seeks to cut the feed-in-tariff for installations completed after 31st July 2012, though the amount paid for exporting electricity to the grid will actually increase. Solar PV has been a victim of its own success, with the Government keen to control the cost of Feed-in-Tariffs.
As with earlier tariff reviews, the message to homeowners is clear:act fast to secure the higher tariffs. Although the Government keeps tinkering with the rates, it has not reneged on the feed-in-tariffs for existing installations. Despite the reviews, Solar PV still represents an excellent long-term investment, especially as energy prices continue to rise.
However, Solar PV is not the only party in town and homeowners can raise a cheer for the support being offered to other renewable technologies, such as solar thermal, ground and air source heat pumps, and biomass. Phase 2 of the Renewable Heat Premium Payment scheme has been running since 1st May, offering vouchers worth up to £1,250 towards eligible installations:
£300 - Solar thermal
£950 - Biomass boiler
£850 - Air source heat pump
£1,250 - Ground source heat pump
Again, homeowners should act soon to make the most of these superb opportunities!
Further information can be found on the Energy Saving Trust and Department of Energy & Climate Change (DECC) websites.
Local experts Ecoliving offer free, no obligation energy surveys and advice for a range of renewable technologies. Contact Peter Hardy on 0845 301 3121, firstname.lastname@example.org