Green Deal....Oh Dear!

[TedM]

Just ask DECC to produce a document that specifies exactly how the Green Deal, FiTs, and the RHI interoperate, for both domestic and non-domestic customers, based on the legislation that they have brought in.

 

[TMGL]

Just ask DECC to produce a document that specifies exactly how the Green Deal, FiTs, and the RHI interoperate, for both domestic and non-domestic customers, based on the legislation that they have brought in.

If I was a betting man (which I am!) I can't see FiT's being included in Green Deal calcs. After all, the green deal is built around direct savings on your utility bills...if they allow FiT subsidy to be used in Golden Rule calcs they'd probably have to re-draft all the GD legislation.

They'll have to think of something to make Green Deal more attractive though...as it stands, it's simply a loan at commercial rates of interest....hardly revolutionary!

TMGL

 

[sedgy34]

Right guys just found out the green deal WILL include the FIT payments BUT you can't use the FIT payments in the calculation that is why it won't meet the golden rule so I'm sure they will change this nonsense

 

[TMGL]

I think it's easier to say GD will NOT include FiT...but that the part financing of solar PV via GD will not affect your entitlement to receive FiT payments. I still can't work a GD that provides more than about 30 - 35% of capital cost;

South facing 4kWp

Annual - 3434 kWp

Saving - 3434*50%*0.12p = £206 saving per year

£206 per year will get you a GD loan of £2,200 over 20 years at 7% APR.

TMGL

 

[SolarRoofSols]

I think GD is still gubbins and no doubt the goal posts will be moved again and again before any sort of launch.

But I have heard that optimists live longer, so I am taking the optamistic view that if the homeowner/business owner can still claim FITs with partial GD financing then it means that PV will be talked about in a more viable light by the GD spin.

Any sort of positive talk about PV is good in my book as it may respark some interest in those whos perception of PV has been damaged by FIT cuts, if GD doesn't work for them then they may be inclined to buy once they have realised the potential that a good installation can get them.

 

[Eco Deal]

The calculation you used was with a FITS payment ! not a fuel bill saving unless I have read the post wrong?

 

[vjsmarwick]

This is just another government con where as the rich get richer and the poor get poorer if you invest enough money if your rich you will get grants but poor old joe blogs only ever gets a loan that he has to pay back in full I think I would put the government in the oar less boat along with the Electrical Trainee'rs and send them all to the third world where they can see what being poor and half knowledgable means.

 

[TMGL]

The calculation you used was with a FITS payment ! not a fuel bill saving unless I have read the post wrong?

Not sure if that's in response to my post...but if it is then, to confirm, I have assumed a cost of 12p per unit and 50% of the generation being used in-house. FiT's have been ignored (as they will be when calculcating your GD loan amount).

 

[Eco Deal]

sorry it was ment for MCS calcultion earlier .
I hope fits is included in green deal tbh

 

[Somecamel]

I doubt it will be- it would be built into the part payment side of GD

 

[finchy]

Confused !!?!?!?

 

[moggy1968]

If, as dedicated followers of all things renewable, we can't get a grip of this what chance have we really got of the public taking this on board. Personally I am sitting on my hands at the moment. I've thrown enough money at this industry and don't intend to throw anymore at it until we have some kind of clarity and a sensible scheme. I've got other things I can do other than scrape around trying to sort this shambles out!!