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  • Writer's pictureWoodfields Energy

So-Long Solar!!

As the government ends the Solar feed in tariff , whats next for Solar and where is it heading? The UK Government is committed to substantially increasing the use of renewable energy across the United Kingdom and recognises the potential role and contribution that solar PV can play in helping to meet the Uk's target of 15 per cent renewable energy from final consumption by 2021.

How realistic this is, is yet to be seen.

For the first time in 2018 we saw the capacity of renewable energy overtake that of fossil fuels in the UK, in a milestone that experts said would have been unthinkable a few years ago

In the past five years, the amount of renewable capacity has tripled while fossil fuels’ has fallen by one-third, as power stations reached the end of their life or became uneconomic to operate

The result is that between July and September 2018, the capacity of wind, solar, biomass and hydropower reached 41.9 gigawatts, exceeding the 41.2GW capacity of coal, gas and oil-fired power plants .

Back in 2017 the Treasury announced that “there will be no new low-carbon electricity levies until 2025”. This means that will be no replacement for the Feed-in Tariff, at least until then , so there doesn't seem much attraction in now investing in a Solar PV system.

If your already locked in from an application BEFORE 1st April 2019 then great , it still makes perfect financial sense to go ahead an invest , if you haven't got your application in to Ofgem we would suggest that this ship has most definitely sailed !

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