July Feed in Tariff rates confirmed http://t.co/K0LhPnjM8t
Revised support for Solar PV
Energy secretary Ed Davey, has announced a revised support package for the Solar PV industry following discussions with industry associations. The Department of Energy and Climate Change has decided to reduce support for solar power under the Renewables Obligation from the current 2 ROCs to 1.6 ROCs from April 2013 - a reduction of 20% - rather than the initially proposed 1.5 ROC's.
Ed Davey said: "We want to see a healthy solar industry that grows in a sustainable way. That's why our support levels reflect the fall in the cost of the technology".
Solar PV projects mounted on buildings, which are Supported under the Government's Renewables Obligation will receive higher rates than ground mounted projects, which DECC says will encourage the installation of solar PV on large commercial premises.
Minister of State for Energy and Climate Change, Greg Barker, said: "We have listened to industry about the need to differentiate support between building mounted and ground mounted installations and we have introduced two bands as a result. Our proposals for solar projects on commercial buildings will encourage businesses to consider Solar PV as a serious option for meeting their power needs".
