Solar Panel Investments are Your Future
The world leader in solar energy (as seen on the BBC), Germany, is now seeing a spike in demand for Solar Energy Investment as the timeframe by which to ‘plug in’ before the reduction in the feed-in tariff (FIT) looms.
As reported in Reuters (citing a parliamentary source), a reduction of up to 16% is anticipated for the majority of solar photovoltaic installations from the first of July 2010, significantly reducing the incentive for investors.
Solar photovoltaic (PV) panel makers have been receiving many new orders from both homeowners & businesses alike with larger roofspaces and qualified installers have been working around the clock to fit the panels in time before the reduced tariff is activated.
Experience International MD ‘Steven Worboys’ who are marketing exclusively, for the first time in the United Kingdon, Solar Panel investment in Germany, comments,
“With the 1st July timeframe fast approaching we are sourcing additional roofspace in order to meet the high demand for solar energy investments in Germany. UK investors are aware that ‘plugging in’ by the 1st of July will maximise their returns over the next 20 years.”
The FIT was first introduced into Germany in 1990 and requires utilities to connect renewable energy generators to the grid and purchase the produced electricity at a rate of 65-90% of the average tariff charged per unit to consumers.
The model has been extremely successful in supporting the development of the renewable energy industry that is has been replicated all over the world, including the United Kingdon.
But now some twenty years on, the German government has realised that the feed-in tariff, currently at 32 – 43 eurocents/kWh, is over-subsidizing the renewable energy industry costing consumers too much (8.95 Billion Euros in 2008) and therefore the FIT tariff is to be cut. The decrease of up to a third in the cost of manufacture of solar panels and the increase in lower cost imports, especially from China, also were also an influence in the decision.
By their very design FITs are made to to reduce over time and the reduction is of no supprise, even if the high two digit nature is thought of as quite severe by some.
But as Steven Worboys concludes:
“The feed-in tariff has been integral in evolving Germany into the largest and most successful solar energy producer in the world. It has installed 9 GW of PV capacity with government targets for 66 GW by 2030. The industry has a turnover of some €1.7 billion per annum, employs 20,000 people and experts predict that solar energy can supply 25% of Germanys electricity by the year 2050.”
With this clear progress to date and new government targets for renewable energy production being introduced, the imminent reduction in FITs is certainly not the end of Germany’s solar success story and the growth and success of Solar power as a leading Alternative Energy Investment. You still have a window of opportunity to invest and benefit from returns of €21.501 net income in Year 1 and 17% net ROI for years 1 – 20.
For further information about ‘plugging in’ before 1st July 2010 contact the exclusive marketing partners as soon as possible, Experience International on +44 (0) 207 321 5858 or visit Experience-International.com.
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