20 Oct: Despite this day being a much feared day (for budget cuts), and one that will have many consequences in other parts of our life and economy, there is a small glimpse of relief, in that the situation for renewables is presently unchanged.
The Good Energy website sums it up well, Feed in Tariffs will continue in their present form for PV, and the Govt will continue with intended plans for the Renewable Heat Incentive.
The degression rate - the rate at which the rate of FiT payment is reduced annually - might be reduced a bit faster than the originally proposed 7%, but this can only be good for those who get their panels up before 2012. The degression system was always intended to encourage early adopters, and discourage the "We'll wait until prices come down" brigade.
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