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RichardW
Joined: 24 Aug 2006
Posts: 7718
Location: Llyn Peninsular North Wales
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 Posted: Fri Oct 28, 11 8:43 am Post subject: FIT rates tumble |
 
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To be announced later today.
Fit payment rates for under 10kWp PV installs is to be reduced from 43.3p to 21p for all installs fitted & registered after 8/12/2011.
If you are planning on doing it do it get it booked TODAY cos they are going to get busy as soon as this goes public. |
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Bebo
Joined: 21 May 2007
Posts: 12149
Location: East Sussex
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| Posted: Fri Oct 28, 11 9:33 am Post subject: |
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Phew, glad I got mine installed in August. |
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Hairyloon
Joined: 20 Nov 2008
Posts: 8291
Location: Today I are mostly being in Yorkshire.
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| Posted: Fri Oct 28, 11 9:43 am Post subject: Re: FIT rates tumble |
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| RichardW wrote: |
| If you are planning on doing it do it get it booked TODAY cos they are going to get busy as soon as this goes public. |
More public than on the TV you mean? |
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RichardW
Joined: 24 Aug 2006
Posts: 7718
Location: Llyn Peninsular North Wales
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| Posted: Fri Oct 28, 11 9:50 am Post subject: |
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When did it hit the TV?
What have they actually said?
Cant see it on any of the on line news & the document that it was in was on line in a not very secure secured area. It now been removed (I have a copy). |
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Nick
Joined: 02 Nov 2004
Posts: 27097
Location: Hereford
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| Posted: Fri Oct 28, 11 10:04 am Post subject: |
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Downsizer is the new WikiLeaks! |
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Hairyloon
Joined: 20 Nov 2008
Posts: 8291
Location: Today I are mostly being in Yorkshire.
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| Posted: Fri Oct 28, 11 10:04 am Post subject: |
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| RichardW wrote: |
When did it hit the TV?
What have they actually said? |
It was on yesterday that they plan to halve FIT rates... Think it was ITV news, but it didn't have my full attention. |
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RichardW
Joined: 24 Aug 2006
Posts: 7718
Location: Llyn Peninsular North Wales
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| Posted: Fri Oct 28, 11 10:14 am Post subject: |
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The plan was for a reduction that started in April 2012 as per the initial FIT scheme rules. The expected reduction was about 30% not the over 50% thats has been muted. Giving just 6 weeks notice when install are planned for months before installation is bad for the industry.
People will be cancelling installs that wont be installed & registered by the cut off date. |
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Hairyloon
Joined: 20 Nov 2008
Posts: 8291
Location: Today I are mostly being in Yorkshire.
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| Posted: Fri Oct 28, 11 10:29 am Post subject: |
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Good job this government is in favour of small business, otherwise a lot of those installers are likely to fold...  |
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yummersetter
Joined: 26 Jan 2008
Posts: 2808
Location: Somerset
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| Posted: Mon Oct 31, 11 11:50 am Post subject: |
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Confirmed, more or less
http://www.fitariffs.co.uk/FITs/regulation/first_review/comprehensive/ which also has a link to the consultation document
Following RichardW's posting, we arranged an installation that we'd been mulling over for a while with the company who did a good job on the studio system. They came over within a hour and did the site survey and have agreed to install in 10-14 days - we were their first callers and before closing that night they'd had over a hundred requests for quotes. |
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colour it green
Joined: 25 Jun 2007
Posts: 7286
Location: Devon, uk
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| Posted: Mon Oct 31, 11 12:22 pm Post subject: |
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and we were just thinking of going for it....now have to rethink |
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shadiya
Joined: 02 Feb 2008
Posts: 1262
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| Posted: Mon Oct 31, 11 1:23 pm Post subject: |
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So much for Cameron and his greenest government ever spiel |
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Lorrainelovesplants
Joined: 13 Oct 2006
Posts: 4833
Location: Cornwall
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| Posted: Mon Oct 31, 11 2:54 pm Post subject: |
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we cant build our apex before Dec so we will now do our own thing. |
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JB
Joined: 08 Jun 2005
Posts: 7312
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| Posted: Mon Oct 31, 11 3:00 pm Post subject: |
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Can't say I'm surprised. The government need or at the very least want to cut some of the expenditure. The FIT rates did seem extraordinarily generous as they were about 4 times the price of domestic electricity and I can't help feeling that if those rates are needed to persuade people to take up solar power then it suggests that solar power is either not cost effective in it's own terms or is not yet a sufficiently mature technology to warrant widespread deployment.
I do wonder how many people are going to suffer the problems that a lot of early adopters suffer because they went into solar early because of the subsidies rather than because of it being a good technical solution? |
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RichardW
Joined: 24 Aug 2006
Posts: 7718
Location: Llyn Peninsular North Wales
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| Posted: Mon Oct 31, 11 5:11 pm Post subject: |
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| Lorrainelovesplants wrote: |
| we cant build our apex before Dec so we will now do our own thing. |
Dont cut your nose off just yet.
1, you will pay 20% VAT on all the bits you buy rather than the 5% for an installed system
2, you wont get any payments of any kind
3, 21p sounds low when compared to the 43.3p rate but will still give a good return & miles better than no payment at all.
4, if you cant get in before the 12/12/11 (new date) dead line then wait till just before the next rate drop & install then for even less cost than currently charged. Just think 18 months ago an under £10k 4kWp system would have been but a dream, now its common. By the time the next reduction comes round you could be looking at sub £8 or 9k. |
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ros
Joined: 19 Jul 2005
Posts: 2460
Location: Beds
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| Posted: Mon Oct 31, 11 5:43 pm Post subject: |
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I've just spoken to a nice lady from one of the rent-a-roof schemes, who called to say not to worry- this wouldn't have an impact on them as their business model/backers had assumed a drop to 20p when they did the viability study.
She also said they were working with a group of mortgage companies to determine the best way forward to allay their fears about the schemes and to get their help with the contract.
'tis not dead yet |
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