What the latest DECC announcement really means...
Yesterday there was a further update from DECC on the Feed in Tariff, here's how it will affect domestic installations.
Worst Case Scenario: If the Court of Appeal overturn the High Court’s decision the Feed-In Tariff will be set at 21p for all systems of up to 4kwp (approximately 16 solar panels) systems installed and registered after 12th December 2011. Best Case Scenario: If the Court of Appeal reject the appeal the Feed-In Tariff will be set at 43.3p for all systems of up to 4kwp (approximately 16 Solar Panels) installed and registered by 2nd March 2012. Opinion: This is excellent news for homeowners! Whilst nothing can be guaranteed until the decision is made there is a genuine possibility of receiving a windfall of the 43.3p Feed-In Tariff on energy produced by the system for 25 years. This will create a mad rush for installations, but the potential window for action is very small. By acting quickly you will ensure that you are at the front of the queue. Even if the court appeal is successful, the 21p Feed-In Tariff for 25 years still provides an approximate return on investment of 10% (depending on your own circumstances - your supplier will be able to give you a more accurate estimate), not to mention doing your bit for the environment.