FIT's are NOT here to stay in their
present form. Quotes we hear from Government, currently, are up to March 2015 which is when we
predict a change in tack from Government.
We are not 100% sure how these
changes will effect us yet, but we can predict they will, and it could be a bitter pill to swallow.
What we are sure of is that most customers do
not fully understand their options and how their decisions will change their lives in
the foreseeable future. There is no dispute that the UK Feed-In Tariff is currently amongst the most generous in Europe.
But the tariffs are going to get less generous
as time goes by. There really is no option but to invest in both renewable energy and to insulate the fabric of
your home or business. The sooner you do, the more you will make out of the tariffs, which are guaranteed by Government
for 25 years from installation. IF NOT you would not only miss out on valuable income and savings but could be punished
for not improving the energy performance of the dwelling.
What we believe
will happen (and we are not alone in this) is, that once every home and business have the relevant EPC (Energy Performance
Certificate), the premises could soon be taxed according to the difference between the actual rating and the potential rating
of the EPC.
IF NOT why are they
being rolled out throughout Europe, IF nobody is to improve their dwellings energy efficiency.
So it will not matter if your home is a castle or an eco friendly
property it will be taxed according to the number of points (GAP) between the actual and potential findings of the EPC. It
is possible with an EPC to exceed the Potential rating of the premises by the addition of renewable energy sources and we
feel this is where the new Feed-In Tariff will be placed.
For business it is also possible that the Renewable Obligation Credits or ROC’s (ROC =
1MW of Carbon neutral energy) will be traded on the commodities market, as a way of a Company or manufacturing
concern, trading off its carbon emissions rather than upgrading to expensive new equipment or heating systems. Currently,
here in the UK, a ROC = 1Mwhr = £36.99. These ROC’s would literally explode in price. Making it an added
bonus for Venture Capital Firms to invest in OFGEM approved farms and large projects, which is one of the reason FITs might
be changed by Government.