Installers should take a long-term approach to feed-in tariff (FiT) degressions, according to NAPIT.
The organisation is warning installers against urging homeowners to rush to take advantage of the current feed-in tariff rate before it degresses on 1 January 2015. The new FiT rates will only be 3.5% lower than the current tariff.
NAPIT warns that such sales tactics could actually backfire for the solar industry, putting people off from installing solar in 2015. NAPIT estimates that the small degression to tariffs would only result in around an extra £16 a year in FiT revenue.
In the wake of recent media coverage over the latest round of Feed-in Tariffs (FiTs) degression, NAPIT are encouraging long-term thinking for installers looking to expand their business to install solar PV.
Managing director of NAPIT Certification, David Cowburn, explained: “At NAPIT, we would urge installers not to be put off by the planned degression in terms of offering solar PV installations. The difference in rates is very small and PV is still very profitable over the 20-year period covered by the tariffs. There is still a fantastic business opportunity for installers who are looking to take a longer term approach to offering solar PV installations.”
A recent study by Green Business Watch revealed that UK domestic solar is a better investment than it has ever been before despite the continued degressions of the FiT.