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MCS Specialists Respond to DECC announcement
The UK's leading MCS & Renewable Training Specialists have today responded to the DECC announcement on the Feed in Tariffs.
The Department of Energy and Climate Change (DECC) has announced contingency plans to delay the cut to the Feed-in Tariff (FiT) for solar electricity, should it lose its case in the Court of the Appeal.
In a statement, DECC said it was today laying before Parliament draft licence modifications which makes provision for a reduced FiT rate from April 1 2012 onwards for new solar PV installations with an eligibility date on or after March 2012. The contingency plans are being put into place because the Government is still awaiting a decision from the Court of Appeal on its case against the High Court decision that its previous plans to cut the FiT from December 12 were unlawful.
Commenting on the announcement for Easy MCS Ltd, Thomas Farquhar said "This announcement should provide some clarity for Solar PV Installers looking at the situation should the DECC lose their appeal. This announcement suggests that new installations after the 3rd of March will receive the new tariffs regardless of the outcome of the appeal. The new rate set proposed for March 3rd onwards, of 21p/kwh is regarded by the majority of Solar PV installers as being fair to the consumer as installation costs have fallen. It provides a fair rate of return and if prices continue to fall will creep back into being a very good rate of return. No other domestic product on the market can currently offer the rate of return and cost saving benefits of that of Solar PV. The Solar PV market will see significant growth in 2012 building on the foundations of 2010/11".
