richardab1967 Posted November 29, 2010 Report Share Posted November 29, 2010 Been looking at this myself and I have still to find the catch. Obviously it only works for people in the right situation but if you are a homeowner, with a roof, got some cash sitting in a bank in GBP earning a few % interest then is it not a no brainer. My initial reaction was that the Feed in tarrif (FIT) programme would be an obvious slash and burn in the October spending review, but it wasn't touched. It wasn't touched because its not paid for by the government, but by us all through our energy bills and is required to meet targets that we have agreed to. The FIT payments and export payments for solar PV are tax free and go up annually with RPI, they are "guaranteed" for 25yrs but are tiered down so that the starting figures drop in 2012 and then drop again and again as I guess they assume the renewables market will be more mature and competitive as it grows, but this does mean that if you get in now before 2012 you can get the maximum starting payment (£0.41 /kwh generated whether you use it or not, this compares to approx £0.10/kwh that your supplier charges you to use it) plus an export payment of £0.03/kwh for the energy that you don't use. I think when people refer to the FIT being cut this is a cut in the starting rate which has been set out and won't effect you if you install before april 2012. In the spirit of not keeping all my eggs in one basket I ran some hypothetical numbers on solar PV and I thought it looked very promising, yes I have heavily insulated my house already, yes I have DIY fitted solar thermal, yes I have some gold and yes I have some basic investments, but not being a natural trader this appeals as an insulation against future energy prices and a way of spending cash that was earning little on something that generates money and elec. Has anyone else looked into it in more detail and found the catch. Link to comment Share on other sites More sharing options...
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