Last updated on February 16th, 2019 at 04:06 pm
In a court judgement yesterday, the feed-in tariff rate for solar panels was reinstated to 15.44 pence per kWh after the government was found to have cut the tariff unlawfully.
That’s the good news; however, the higher rate will only be applicable to PV solar panels installations (photovoltaic) completed before the 3rd March.
Again this will create the same scenario which occurred in December when homeowners scrambled to complete their installation before deadline date.
Understandably, there are installation dates available, but they are limited, so be quick if you wish to meet this second deadline for the 15.44 pence higher rate.
Stuart Lovatt the founder of Heat my Home adds “It is good news for the solar and renewable industry that the government has been shown to put the future of the industry in jeopardy just to save a quick buck. The truth has now shown that a vibrant and successful solar industry generates far more revenue for the country that spent on their incentive schemes.“
Had a solar quote already? Just contact your preferred solar panel Installation company to confirm an installation date.
Want a solar quote? Be quick, but receive a quotation tailored to your individual, household needs. References are available for both solar electric and solar heating panels too.
Looking long-term with solar panels
Mr Lovatt continues “We have always preached here at Heat my Home that the sooner you install this technology, the better, and this has been shown time and time again. Even if, you don’t make this latest deadline, be aware that one-day energy pricing will force people to adopt such technologies, whether in 2014, 2016 or 2018 or so on, but by then the incentive will be gone forever. “
So even if you don’t make the 15.44 pence per kWh feed-in tariff deadline on the 3rd March, somehow the 15.44 pence per kWh for the next 20 years still sounds like an excellent deal compared to future adopters who will probably get nothing as the scheme is designed to decline steadily.
Long-term future energy pricing describes a ‘two steps forward and one step back’ is how traditional energy pricing can be defined. This is why solar panels have a home in our energy-hungry world.
“Since beginning this website in 2004 after hearing about the steady decline of the North Sea reserves, the realisation hit me that, what is playing out here is also happening all over the world too.”
When you finish your cold juice with a straw, the cutoff between flow and no flow is always sudden and sometimes unexpected? This is how the world will find out there’s not enough oil for 7 billion people.
The need for a vibrant solar panel and renewable industry, to help reduce dependence personally and nationally from the back stuff can only be a good thing long-term.