subject: Plan To Install Solar Panel Technology Systems In 3,300 Homes Stopped Due To Uk Feed-in Tariffs Cut [print this page] Plans of installing solar panel technology systems in 3,300 households happen to be abandoned by the Shoreline Housing Partnership denying what would have been a forty percent decrease in the homes energy bills. The United Kingdom governments plan of cutting subsidies for solar panel installation prompted Grimsbys largest social housing landlord to no longer implement its plans of solar power for homes systems installation. Without the cut, reimbursements and savings of as much as 1,190 per year would have been enjoyed by homes using solar panel technology for electricity.
A 30 million scheme to install solar panels on the homes was the focus of the Shoreline Housing Partnership for almost 9 months. Chief executive Tony Bramley said the rip to the feed-in tariffs suggested the project was no longer financially viable for them. Shoreline's associate had commissioned a sizable national construction company to carry out the work, which would have specified about 40 workers a job for six months.
The government promises solar power people payments for 25 years for each kilowatt of electricity fed into the National Grid with the present UK feed-in tariffs. These payments would have covered the investment cost of the installation in a decade or less, and improve income for the remaining 15 years. The tenants would have been provided with free electricity during daylight hours which could have led to a 40 % reduction in their annual energy bills and help push people free from fuel poverty.
Earlier, the UK government had encouraged house owners to setup solar panels within their residences just before Dec. 12, 2011 to relish the better savings. Plans to reduce feed-in tariff commissions pertaining to the smallest schemes - such as solar panels on houses - by over 50 percent from Dec. 12, while subsidies for social housing would be reduce by 60 percent, was announced by climatic change minister Greg Barker. This alteration to the feed-in tariffs was to be implemented by Dec. 12 as mandated by a new government legislation.
Having said that, continuing to enjoy the bigger financial savings are homes which have mounted solar panels prior to Dec. 12 because the feed-in tariffs are index-linked for twenty five years, the average life-span of the solar panel, and the rising and falling rate of inflation for the Retail Prices Index. This is because they are locked into the current rate.
Shoreline, nevertheless, sensed that the small amount of time left before Dec. 12, is actually at odds with the processes organizations must go through to create sound judgements on financial, technical, planning and contracting matters. This is its plans of putting in solar panels in 3,300 households were dumped down the drain. Shoreline manages 7,900 homes in North East Lincolnshire.
