STA welcomes delay to solar tariff cuts
Solar is still a good investment say Conergy, Good Energy and Greenpeace.
Solar panels are still an attractive investment
The Solar Trade Association welcomed Secretary of State Ed Davey’s confirmation today that DECC will be delaying the next round of cuts to the Feed-in Tariff for solar PV. Energy Minister Greg Barker said that this decision was the result of “listening carefully to industry”.
Sales have been slow in April and May since the introduction of new energy efficiency requirements and the UK’s slide back into recession, but this delay gives industry the opportunity to reignite the solar market with the simple message: “PV pays!”
Solar does not only protect homeowners from rising energy bills – it actually delivers a great return on investment too. Householders can currently enjoy returns of up to 10%, tax-free, index-linked, for 25 years. Solar is also very long lasting, and its lack of moving parts make it exceptionally reliable. The cost of solar power has been coming down faster than any other energy generation technology, so even though the tariffs have been reduced, returns are still as good as when the scheme started.
Juliet Davenport, Founder and CEO of Good Energy, the UK’s only 100% renewable electricity supplier, said
“The fact is that solar is too great an opportunity to be overlooked. It’s not only a powerful way of giving households and businesses greater control over their energy bills, but has a vital role to play as part of our national energy portfolio.
“Already we’re seeing how solar makes a natural partner for more intermittent forms of renewable generation, like wind. That’s going to become more and more important in years to come, and it’s time to invest today for the energy market of tomorrow.”
Dr Doug Parr, Policy Director at Greenpeace UK, said:
“Solar power remains a truly renewable source of power that we need in tackling UK gas dependency and climate change. Many householders will still have the opportunity to contribute to moving the UK to a sustainable low carbon world.”
Paul Barwell, Chief Executive of the STA, said:
“There are two great reasons for homeowners to invest in PV today: The costs of solar power have fallen through the floor and our energy bills are going through the roof.
“It is very encouraging for the future that Government is listening to industry concerns, but we need certainty as soon as possible on the details of when and what the next tariff adjustments will be.”
Robert Goss, Managing Director of Conergy UK, said:
“The postponement will give property owners and developers another chance to take advantage of continuing high tariffs, but as an industry, what we need is certainty. The uncertainty created by the government is the only reason for recent dampened demand, because good returns are still available.”
The Solar Trade Association (STA) represents companies working in solar thermal and solar power in the UK. Since 2011 the STA has been affiliated to the Renewable Energy Association. Established in 1978 as a not-for-profit trade association we represent a diverse membership across the solar power and solar heating industry. The STA works in conjunction with its members to achieve the right regulatory framework and incentives for solar to deliver an increasing contribution to the UK’s electricity and heating needs. We undertake policy development and provide expert advice and analysis to government departments, agencies, regulators, NGOs and other stakeholders. For more information, see: www.solar-trade.org.uk
More than 29,000 homes and businesses across the UK have switched to Good Energy
Good Energy supports a pioneering community of 35,000 independent renewable generators that use wind, small-scale hydro, solar power and sustainable biogeneration to generate homegrown energy
Good Energy has won numerous awards including: including the PEA Business Award CEO of the Year 2012, Sunday Times Green Company 2009; Observer Ethical Award for best online retail initiative 2009; and CEO Juliet Davenport won the First Women Award (Retail and Consumer) in 2011, PLUS markets CEO of the Year in 2009, 2010 and 2011 and West of England Business of the Year 2009 and has twice topped the Which? customer satisfaction survey for energy suppliers.
Conergy is the only solar company worldwide that delivers the complete solar system, including mounting frames, inverters and modules, for both residential and commercial installations. Headquartered in Hamburg, the company employs more than 1,500 people in 14 countries. Since its foundation in 1998, Conergy has sold, installed and manufactured solar power capacity totalling 1.6 GW – a third more than the UK’s total installed base.
