When the tariffs were first introduced, many organizations took advantage of the great investment opportunity, an organization called 10:10 even had people donate money to a school in Cambridge (among other schools in other counties) could install a solar panels and profit over the years. You make money by not only saves on the energy bill, but also is 43p for every kilowatt produced / hour of energy paid, not to mention they can use any extra energy generated back to the grid to sell at a profit. They expected that every £ 1 given to this cause, the school would earn three pounds over the years.
This was the case before the 12th December 2011, which is when the government decided they wanted to move the cut in tariffs forward to (it was originally supposed to be in stock until April 2012). This cut will mean that instead of 43p, people will get paid for every kilowatt / hour of energy their solar panels will produce 21p.
Although this is a drastic reduction, it may be worth stating is that there is no impact on the interest rates at which you sell to the grid, which remains at 3.1p for every kilowatt / hour of energy. And of course, you will still save on the electricity bill. However, there is no denying this is a great and sudden cut (such as sudden just been discussed). The reason for this is because of the unexpected fall in solar panels over a past couple of years (this provision has been to 2010, the prices of solar panels and such a drastic price drop was not expected based). And although you do not stand up, make as much money as before, about 5% return on investment will still always be implemented by the cuts.
Despite the cuts to the provisions incentive, the government still expect solar panels to more often (due to the following prices of the product and installation), they predict that by 2015, 625,000 houses are solar panels installed in comparison to the 100,000 households that took advantage of this profitable version of the system.
There are even cheaper and more effective technology in these areas hope demonstrated by the development of new solar cells in Cambridge. Researchers from the University of Cambridge have an organic hybrid solar cell, which usually uses more light from the sun than the way now takes developed. Although they are cheap to make, their efficiency still need some work. It is demonstrated how the industry is constantly changing and updating and systems that need to run beside him to respond to these changes.
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