Solar panel installations on the rise
Solar panel installations are on the increase again according to The Solar Trade Association (STA) following a decline sparked by the government’s reduction on the rates of Feed-in-Tariffs (FiT) for solar photo voltaic (PV) installations which effectively froze growth across the renewable energy sector last month.
A total of 1,788 solar installations were completed in the first week of June according to provisional figures from the Department of Energy and Climate Change.
The new revision will mean household payments will be cut from 21p per kWh to 16p and the length of payments reduced from 25 to 20 years, but the government has delayed the implementation until August. “Investors may be have been put off investing in UK solar, aware that feed-in tariffs have already been reduced, perhaps worried that they had missed the boat,” said Marcus Vassiliou, Sales Manager of alternative investment company, EcoInvestments comments. “Now, however, technology has progressed, enabling the price of reliable PV panels to come down to a level where investors can still obtain serious returns. We are encouraging solar panel fans to invest before the new tariff kicks in in August.”
Meanwhile, research from the Association of Residential Lettings Agents (ARLA) suggests the Government’s energy efficiency measures are failing to take hold in the private rental sector.
More than half of UK landlords hadn’t heard of the government’s Green Deal energy policy and over a third (36%) don’t know the energy rating of their rental property, despite the fact that any property to let must have an Energy Performance Certificate (EPC).
“Our research suggests that landlords aren’t as clued up as they should be on the energy performance of their properties, and they are therefore not helping tenants to reduce both their energy consumption and energy costs,” said Ian Potter, Operations Manager at ARLA. “At a time when energy prices are rising, making a rental property more energy efficient could mean a big difference for tenants, and help a property stand out.
“Moreover, the Government is proposing a ‘minimum standard’ of energy efficiency in privately rented homes from April 2018 – likely to be set at an E rating. This means there really is a need to get on board with improving the energy performance of rental stock.”green technology, real estate
Latest from Independent journalists on Twitter