We've been really busy recently at Run By The Sun completing not only grid connected solar panel installations, but off-grid solar installations too. This has been down to a few reasons. Firstly, we've picked up a lot of new solar projects off the back of personal recommendations from happy customers. Secondly, the cost of solar panels has dropped so the technology is becoming more cost-effective for consumers. But the main reason for us carrying out a large number of solar panel installations is down to proposed government plans to cut solar subsidies and the feed-in tariff rate by 87% from 1st January.
This proposal has sent the solar industry into a frenzy, with people we completed solar site surveys some time ago suddenly wanting their installation to be completed prior to these cuts to take advantage of the current feed-in tariff rate.
There is currently an ongoing consultation process with industry experts to determine whether the cuts should go ahead. In our experience, this consultation is unlikely to change things too much and by 1st January the feed-in tariff rate will drop from 12.47p per kilowatt hour to 1.63p per kilowatt hour.
The FIT (feed-in tariff) scheme was first introduced back in 2010 to help subsidise the investment of installing solar panels. In 2010, a typical large domestic solar installation cost £15,000-£18,000 and as a result, early adopters of solar panels were promised 41.3p per kilowatt hour (kWh) generated for 25 years along with savings on their electricity bills.
Over the last 5 years, the price of PV solar panels has dropped and a typical 4kWh domestic system will cost between £6,000-£7,000. The government has responded to the fall in the price of solar panels over these years by taking the FIT scheme rate from 41.3p to 20p, 15p and now the rate stands at 12.47p per kWh.
If you have previously considered installing solar panels, our advice is to book an appointment with us as soon as possible. The typical lead time from carrying out a site survey to installing the solar panels is around 4 weeks, however due to a massive market rush, in recent weeks we have struggled to get hold of some solar panels.
We are currently booking projects into November and in order to take advantage of the current feed-in tariff rate, PV solar systems have to be completed and paper work sent to the energy supplier by late December.
By using our Solmetic SunEye survey tool, we are able to accurately produce an accurate measurement of roof orientation and inclination to ascertain the best position for your solar array. Using this tool, we can then determine your energy savings as well as the income generated from the current feed-in tariff scheme. This makes our quotations for your PV solar system as accurate as they can be. Here you can read more about our solar survey process.
Whether you're looking at investing in solar energy for a domestic property or considering solar power for a commercial premises, to book a free consultation and site survey, contact Simon on 0116 270 1926.