In an attempt to give a boost to PV solar industry, The British Photovoltaic Association (BPVA), the Micropower Council (MPC), the Renewable Energy Association (REA) and the Solar Trade Association (STA) have this morning revealed their affiliation to fight against the feed in tariffs fiasco.
Solar PV, one of the best investments in the current days
Given the bad results solar photovoltaic installations have had since the new Feed-in Tariffs started, all four major trade associations representing domestic solar photovoltaics in the UK have decided to push the message that thanks to drastically falling component prices, solar PV seems to be one of the best investments in the current days. According to what they say, the reason for this decrease in the number of installations is likely to be public confusion. They defend that solar photovoltaic help consumers to make savings on their energy bills, to generate an income, and also to reduce carbon dioxide emissions and strengthens energy security.
“Solar PV still offers attractive returns for consumers, in excess of many alternative investment products. Improving consumer understanding of solar PV and the feed-in tariff scheme is likely to be key to restoring healthy uptake levels. We are pleased that the policy framework is now on a more stable footing and are optimistic that this will signal a new dawn of consumer confidence in the microgeneration sector.” says Dave Sowden, Chief Executive of the Micropower Council.
In order to clarify this confusion, the four trade associations have issued a statement reiterating the facts about solar power and the feed-in tariff:
• Costs have fallen more rapidly in solar over the past twelve months than any other energy technology.
• With investment today mainstream analysts expect solar power to be cheaper than buying electricity off the grid before the end of the decade, saving all consumers money in future.
• A 4kWp system, the largest size for which the highest tariff is available, can be purchased today for under £9,000, whereas only one year ago it would have cost upwards of £15,000. An average domestic system is around 2.5kWp.
• Solar does have a bright future in the UK. It is an exciting and popular technology. Tariffs will reduce over time in line with these significant cost reductions, with the industry keen to keep rates of return roughly within the same target range.
• Solar PV continues to offer very attractive returns in comparison to other investment options available to consumers.
• 50% of UK housing stock already meets the energy efficiency requirement for the higher tariff, so if your home has decent insulation, it’s highly likely to be eligible today.
• For those homes that don’t yet meet the Energy Performance Certificate band D, the Government’s Carbon Emissions Reduction Target scheme places an obligation on energy providers to subsidise domestic energy efficiency measures, up to 100% of the cost in the case of low income households.
This initiative is expected to clear up the doubts and spread the benefits of installing solar photovoltaic panels.
Tags: british photovoltaic association, micropower council, renewable energy association, solar energy, solar energy UK, solar market, solar panels, solar panels uk, solar photovoltaic panels, solar photovoltaics, solar power, solar power uk, solar pv, solar trade association