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Green Building Bible, Fourth Edition
Green Building Bible, fourth edition (both books)
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Renewable Energy: FIT upcoming reviews. When best to install?

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  1.  
    • CommentAuthorSprocket
    • CommentTimeJul 28th 2011
     
    Worrying about RHI eligibility has reminded me.
    I have a project that will hopefully get 20kWp of Solar next year. It's the whole of one roof pitch.

    It' s a steel frame. If I rush ahead and get the roof on befpore the walls I can (just) get it running before March. So just before the FIT changes are likely to happen. Or I can wait and do the roof at the appropriate time in the project - less stress perhaps.

    I'm worried that if I leave it the FIT will criteria will shift and not in my favour.

    Anyone got a crystal ball? What do folks think/guess is likely to happen when the FIT is reviewed?
    What would you do?
    •  
      CommentAuthorSteamyTea
    • CommentTimeJul 28th 2011 edited
     
    Fit it and get claiming the FITs as they are not fit for purpose, but be careful of supplier/installer as they may not be fit after the changes either.
    •  
      CommentAuthorted
    • CommentTimeJul 28th 2011
     
    I would aim to get it done before the end of March.

    My crystal ball clearly says the rates for new installs will come down in April.
  4.  
    http://www.energysavingtrust.org.uk/Resources/Energy-saving-news/Renewable-energy2/Renewable-Heat-Premium-Payment-a-stopgap-before-RHI
    Can anyone explain logic in subsidising use of biomass fuel when DECC confirm it will require 90% import and we are aware combustion degrades air quality , increases NHS costs plus availability relies on future weather,pest and disease impact?.
  5.  
    I belive its essentially down to a European directive - thou shalt have a certain percentage of biofuel, or something like that.
    I'm kind of in favour of biofuels, but not the stupid way in which the whole thing is moving - yes, grow willow on a few hundred (thousand??) acres around a small thermal power plant - yes, use waste from crops to make energy. But to chop down trees several countries away to ship and burn in Britain? pleaasssseeee....:sad:
  6.  
    My crystal ball says the same as Ted's. The original aim for FITs was to give a 5-8% return. It's now more like 10+% and is too good to last! Also they always planned to bring the rate down as solar module prices came down.
    •  
      CommentAuthorted
    • CommentTimeAug 2nd 2011
     
    EU rules will require that the FiTs rates are reduced as only the 5-8% level of return has been sanctioned. DECC would have to go back to the EU and get further permission if the return was to stay as high as 10%.
  8.  
    5-8% santioned by EU rules , now is that after return on investment ? As if you placed a similar amount of money into a bank account you'd still have your cash deposit.
    With current install prices giving 10-12%+ simple return .Once you calculate the return after invested sums recovered its more like the 5-8% suggested

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