So, the solar market has taken yet another battering from the government with its recent reduction for the residential feed-in-tariff to 16pKw/h compared with 21p previously, plus the subsidy is now for 20 years instead of the 25 year duration formerly available.
The sun is still shining for the solar pv industry, however, and engineers looking to penetrate the market should not be put off, as solar still presents a no-brainer investment for homeowners interested in this technology.
Chief executive of the Solar Trade Association (STA), Paul Barwell, commented: “Compared to the returns you can get these days in banks and many other investments, solar provides a very solid and attractive return. That is particularly the case if you consider energy bills are rising faster than anyone expected. Solar gives people the opportunity to take control of their electricity bills and help us move away from fossil-fuel dependence.”
Figures reported by the STA state that a typical 4kw installation costing £8,000 would yield a rerun on investment of 11.8 per cent a year under the old FIT, though the same installation today would offer a 9.2 per cent investment – still impressive figures. In addition to this, the cost of producing panels has come down a great deal in recent years, as manufacturers become more competitive in the market.
Make a smart investment in your business and take up a solar pv course this summer. Logic4training provides qualifications for experienced domestic/commercial operatives wanting to add solar photovoltaics to their portfolio. T
The installation course is for experienced electricians and covers: regulations and standards, health & safety, AC & DC theory, pv cell types and benefits, pv external and internal site survey requirements, solar pv circuit design, pv system design and integration, setting to work and commissioning, and servicing and fault-finding.
For details of all our renewables training, click here.
Your latest offers & alerts