The current feed-in-tariff (FiT) subsidy for new solar installations is set to end in April 2019.
If you are considering solar PV panels for your home or business then you should look at fast-tracking your decision to install and take advantage of the remaining FiT subsidy before the deadline; particularly as larger scale commercial solar projects can take several months to design, procure and obtain the necessary permissions.
Although the feed-in-tariff has supported the growth of solar PV in the UK since it was first introduced by the Government in 2010. To date this subsidy – along with Renewables Obligation Certificates (ROC) – has contributed over 1 million solar installations and 12Gw of solar energy.
The Government has recently announced in their Control of Low Carbon Levies’ publication that, following the closure of FiT there will be no new subsidies until 2025.
However, this isn’t the end for investing in solar as the energy savings from a solar installation are strong enough on their own to provide very healthy financial returns, particularly if the cost of battery storage comes down.
The key message here is to take advantage of the current subsidies to top up your returns while it remains on offer.
At Energy Gain UK we have been helping our clients to power their businesses using renewable energy technologies for the last 9 years. Call our team now on 0161 330 7739 and we will be happy to talk you through the options or complete the form below to send us a few details and we will work out how much you could save and earn.