Act now to gain an extra £50,000 plus on your small wind turbine investment
March 01, 2012
The Department of Energy and Climate Change (DECC) have proposed a reduction in the feed-in-tariff from 28p to 21p per kWh from October 2012. For those considering a farm wind turbine it is a big call to action right now!
The Department of Energy and Climate Change (DECC) consultation on FiT levels has a few challenges for small wind turbine manufacturers and I will be coming back to that. But if you’ve been considering investing in a small wind turbine then the window of opportunity has never been open so wide. Gaia-Wind UK customers who order their small wind turbines in time to get into planning before May this year will fix their Feed in Tariff rate at current tariff levels, earning them at least £53,000* more over the 20 year life of their turbine.
The 25% Feed in Tariff reduction can be avoided: The new rate will come into effect in October 2012, so turbines installed and registered with the electricity supplier before October will receive the full FIT rates of 28p per kWh. To achieve this date you will have to be in the planning process by the beginning of May.
We are gearing up our sales and support teams to help customers to get through the hoops needed to do this, including a free consultation, free site survey, and free planning amendment offer. The cuts are too much too soon and we will be telling the government as much but in the meantime our production team will be working flat out to service the requirements of those customers who want to get the £50,000.00 plus benefit of speedy action.
Buts it’s not all about FIT rates: The recent Power Predictor 2021 survey predicts wholesale electricity prices will rise by at least 40% over the next ten years. So in addition to tariff payments, your turbine will provide a hedge against ever increasing energy bills. Gaia-Wind owners also benefit through being able to first, use their own energy generated and of course, selling any surplus back to the grid.
More on the DECC proposals in my next blog.
*Based on a Gaia-Wind turbine generating an average Annual Energy Production of 38,000 kWh from a 6 m/sannual average wind speed site. £42,000 for a 30,000 kWh site (annual average wind speed 5.5 m/s)
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