Agriculture specialist joins Photon Energy
As further cuts to the feed-in tariff scheme come into effect on the 1st August, Photon Energy has recruited its first agriculture specialist to help more farmers take advantage of profits which are as high as ever.
After months of confusion and badly mishandled cuts the Feed-in Tariff scheme has been re-designed to be more flexible and responsive to the continuing reductions in the price of solar PV systems. Instead of the massive reductions seen last December and then again in April this year, rates will in future reduce by a more predictable 3.5 per cent every three months from August 1st. This means that the booms that happened before rates were reduced and the subsequent busts should be a thing of the past as the reductions will be much smaller and much more frequent.
The new Feed-in Tariff rates for solar PV will now be paid for 20 years but lower installation costs, still mean returns of between 8.5 and 10.5 per cent for medium-sized arrays. The returns are better than when the scheme was April 2010.
Aspects of the new rules mean farms are particularly well-placed to benefit with their large roof spaces, such as barns and sheds, which are ideally suited to fit solar PV systems. Many farm buildings will not require an Energy Performance Certificate removing the need for potentially expensive energy efficiency measures before qualifying for the full tariff. There is no requirement at all for and Energy Performance Certificate with a wind turbine.
Photon Energy has enlisted James Maddison to assist farmers make the most of the opportunities to reduce their electricity bills and generate cash from the Feed-in Tariff.
James said: “The reason I joined Photon Energy is because the company has a tremendous track record. There’s plenty of competition but we have the tools to deal with anything, within reason.
“We don’t need to educate farmers so much about solar PV or wind turbines, we need to reassure them about the negative coverage of the FITs. They have been reduced, but the costs have fallen too so the returns are as good as they ever were.