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The New FIT Regime as of 1 January 2016

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At the end of August, DECC, the Department of Energy and Climate Change, launched their consultation on the periodic review of the Feed in Tariff scheme with a proposed series of significant cuts.These cuts and the threat of closure in January are hugely damaging to the solar industry and will likely create another artificial market rush as installers rush to beat the deadline.It appears residential – small rooftop installations, will be hardest hit, with payments cut from 12.5p/kwh to 1.6p. Potentially the subsidy will end completely in January 2016.

In preparation,  we are planning a significant increase in stock levels to fulfil the anticipated demand. The expectation is that the level of installations in the UK will more than quadruple until the end of December. We have already had a number of enquiries from customers for large orders and these are being planned in. Supply of panels and inverters from some manufacturers is limited and may have long lead times, so we will have to prioritise orders for companies that have provided us with Orders/ Forecasts.

Solar Panels

For example, REC have informed us that stock is limited due to high demand. Vikram Solar will only be able to supply new stock in late October.

We have managed to secure good volumes of Suntech stock for the next few months. In particular, we have secured the High Performance Suntech 285 Watt Monosilicon panels. Compared to the 250 Watt Panels, this will allow you to install a at least 10% system faster, saving you on time, Mounting Frame equipment, cabling, labour costs, etc.

Inverters

Please can we therefore request an update on your potential projects and stock requirements over the coming months? If you are able to provide us with a forecast, this would assist us greatly in planning our own purchases and in our ability to fulfil your orders. Large projects will definitely need to be planned well in advance.

Action You can Take 
 If you haven’t already done so, please take a minute to sign the petition in the link below. The petition is already over 14,000 signatures so the Government has to respond. 
https://petition.parliament.uk/petitions/106791
Please note that you must click the link sent to you in your email to confirm you have signed the petition.
Capacity feed-in-Tariff

For the full report read here

 

 

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