Solar PV specialist looks to future after surge in activity following FiT cut
The 12 December deadline for the feed-in tariff for domestic solar PV installation dropping from 43.3 to 21 p/kWh saw a huge surge in activity for Eco2Solar. During the 6-week notice of the cut, the company installed 200 systems, compared with the normal rate of about 50 a month. These installations, and commercial projects completed during the period, accounted for over 3000 panels capable of producing 700 kW.
Commercial projects included Stratford upon Avon Hospital, a new social-housing development at Russell’s Hall in Dudley and the Midlands Arts Centre in Birmingham.
Looking to the future, managing director Paul Hutchens, says, ‘It’s important to realise that whilst the old 43.3 p/kWh FiT gave customers an excellent return on their investment, Eco2Solar have already put together an offering for the new 21 p/kWh FiT rate proposed by the Government in a recent review of solar subsidies.
‘The new offering will provide an average 10% return on investment for new purchasers, alongside an average 10-year payback period [based on a 4 kWp, south-facing, 30° solar PV installation], making it a fantastic opportunity.’