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Wednesday 25 April 2018
25 April 2018 - NEWS UPDATE
Renewable Energy

Now is the time to invest in solar and energy efficiency

As the price of diesel falls to a five-year low, the solar energy market has never been more attractive for businesses and households to invest in a revenue-generating, carbon-cutting future.

Despite reductions in the Feed-in Tariff for green energy, the cost of solar energy has actually dropped by over 70% over the past five years.

So with the extra cash saved from the prices at the pumps, experts at Big Green Switch say now is the time to invest in solar and energy efficiency and enjoy the rewards of cheaper energy bills and money back.

The Department of Energy and Climate Change has eased off reducing the rate of the Feed-in Tariff as it looks to support the deployment of systems across the sector.

The latest figures published last month confirmed a very slight increase in deployment in the smallest systems, generally on domestic homes (0-10kW), triggering a small 3.5% reduction. The 0-4kW tariff will now drop from 12.92p to 12.47p from 1st October 2015.

An automatic 3.5% reduction in the tariff for slightly larger systems on schools, leisure centres and other similar sized buildings (10-50kW), means the rate will drop from 11.71p to 11.30p from 1st October 2015. No reduction in the tariff for large commercial solar roofs will be applied.

David Pickup, Business Analyst at the Solar Trade Association commented: "As tariffs gradually come down a 3.5% reduction makes less and less of a difference to the actual tariffs. And as costs come down, along with tariffs, solar can provide more and more value for money green power."
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