If you thought the opportunity to benefit financially, environmentally and electrically from Solar Electricity had disappeared behind the clouds of confusion surrounding changes to the Feed-in Tariff (FiT) payment levels, then you may want to think again.
Whilst FiT payments have indeed been reduced to 21p per kWh, the costs of solar systems have also shrunk and leading solar suppliers are now encouraging home-owners to make the most of the existing subsidy rate ahead of the next scheduled cut which is due to come into force on July 1st. This could see the rate almost halved again.
Solar specialists Enact Energy hope price incentives such as its newly launched 20% off promotion, covering the entire range of its solar electricity products – will encourage more homeowners across the Country to turn to solar by making their systems more financially accessible – and by doing so guarantee more of their customers are able to benefit from FiT payments for the next 25 years.
Under the new 20% off promotion from Enact, for an initial investment of £6,800, you could not only have a fully fitted 16 panel 3.92 kWp Solar Electricity system which would significantly reduce your electricity bills but could also see an estimated return on investment of almost £34,000 over the next 25 years through the FiT payments and combined savings.
As introduced from the 1st April, those looking to install solar electricity and benefit from the Feed-in Tariff are required to have and Energy Performance Certificate (EPC) at a rate of ‘D’ or above on their properties. For some this may be as straight forward as installing loft insulation, which is currently available free through Enact. For other’s there may be more considerations, however, Enact is able to provide advice and guidance for its customers and can arrange EPC assessments.
“Whilst the solar clock is most definitely ticking down towards the June 30 deadline, there is no doubt that the benefits for homeowners who install solar electricity remain very real and financially very attractive. But if homeowners are going to benefit, they need to act sooner rather than later – particularly as the result of the introduction of the EPC requirement, which will add to the timescale for fitting,” said John Egan of Enact.
“We do not know what the new level is likely to be from July 1, but it will be significantly lower so the message is simple – if you want to benefit from Feed-in Tariff payments now is the time to act as the window of opportunity is not going to remain open for much longer,” added Mr Egan.
Enact Energy’s 20% solar price promotion is dependent on householders receiving their EPC before 10th June and having booked their installation before the end of June to ensure the deadline can be met.
For more information about solar and other renewable energy solutions being offered by Enact Energy, call 0800 093 4050 or click here.