I have received an email today from 'TheMoneySavingExpert' website which carries a headline that the guaranteed FIT rates for new systems might be slashed by 50% after April 2012.
If you were considering installing a system soon then I'd get your skates on as you only get the rate after the system has been registered by the generating company.
You'd obviously save money due to not having to pay so much of the large energy prices which are also predicted, but you'd not be able to MAKE money.
The link to the MSE website about this can be found at http://www.moneysavingexpert.com/utilities/free-solar-panels
There was a warning that this might happen from the same MSE website back in Oct 2010 at the following URL - http://www.moneysavingexpert.com/news/utilities/2010/10/spending-review-solar-feed-in-tariffs-safe-for-now
If more concrete evidence comes in it might be too late as the gov't is hardly likely to advertise sooner rather than later I would think.
If you were considering installing a system soon then I'd get your skates on as you only get the rate after the system has been registered by the generating company.
You'd obviously save money due to not having to pay so much of the large energy prices which are also predicted, but you'd not be able to MAKE money.
The link to the MSE website about this can be found at http://www.moneysavingexpert.com/utilities/free-solar-panels
There was a warning that this might happen from the same MSE website back in Oct 2010 at the following URL - http://www.moneysavingexpert.com/news/utilities/2010/10/spending-review-solar-feed-in-tariffs-safe-for-now
If more concrete evidence comes in it might be too late as the gov't is hardly likely to advertise sooner rather than later I would think.
