Solar is still a good option
A recent article in The Guardian reported that solar energy is still a good option despite subsidy cuts and rise in VAT rates, but consumers should expect a longer payback period.
The current incentive of 12.47p per kWh for electricity from solar panels ends at Midnight on Thursday and the feed-in-tariff scheme will then close for new applicants for 3 weeks. Those installing solar panels will receive just 4.39p per kWh – a massive cut of 65%
The cost of solar panels could also go up to as much as £900 following the government’s decision that they no longer qualify for a lower rate of VAT because of EU state aid rules.
The article reports that: The Solar Trade Association said solar was still attractive even though the payback period for an average system – costing about £6,000 – would now be about 14 years, up from eight years with the current incentive rates. “It’s still a great investment,” said a spokeswoman for the trade body. “And for anyone who is replacing their roof, it’s a no-brainer to be replacing with solar.” A significant part of installation costs are for scaffolding.”
Scaffolding is a considerable cost but, as many of our largest solar installer customers have found out, using an Easi-Dec safe access platform can reduce installation costs, yet maintain profits and encourage growth in this sector.
Why not use our Online Calculator to see how much you could save on scaffolding costs.
Click here to read the Guardian’s article in full.