“The FiT system, launched in April 2010, was designed to encourage and raise awareness of all forms of renewable energy,” explains Peter, whose company has recently been recognised as Energy Management Installer of the Year at the national Renewables Roadshow.
“The December 12th reduction will still provide an attractive investment, particularly in light of increasing electricity prices, and has already prompted a massive surge of orders. To secure the premium rates of the 2011 tariff consumers need to act quickly but should not despair if they are unsuccessful. The reduced tariff can still provide a return on investment of up to 10 per cent per annum, which is considerably more than any available interest rates on bank or building society savings accounts so not only it is beneficial for consumers it should also help consolidate a future for the UK’s nascent solar industry.” Searancke concluded.