Look what happens when the tories get in power. Cuts followed by social breakdown.
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Look what happened with Labour in power a "boom" in unaffordable and unsustainable spending and trying to hold inflation at 2% with only one tool in the box to use, interest rates. What followed the lending spending boom was the not so "independent" bank of England at the behest of Gordon B making the repayments so expensive the "bust" was inevitable with the resulting social breakdown as people lost their homes and investments. Unfortunately the resulting medicine is not so popular
Why are interest rates relevant to FiT payback? Low interest rates are a just another bonus for irresponsible insolvent banks so why should we suffer again and again for their mistakes?
If interest rates were higher would people choose to invest in PV after all investment is all about the rate of return on the money invested
The question I want to ask those involved was the the FIT rate set high to attract customers to invest in a technology that promises a return over 25 years but has no record or history to make an informed decision on the investment risk. All the publicity and advertising I have seen seems to indicate a fit and forget needs no maintenance system that will last 25 years with usually a 10 year warranty. What in warranty costs, out of warranty costs and equipment longevity can people expect over the expected 25 year life of the system that they are investing in to actually gauge the rate of return. As with all technology it will evolve and improve it will become more efficient and also become cheaper so if repairs are needed will it be an expensive repair and upgrade to an older system if newer panels are not compatible. After 25 years will the PV system still work and be viable or is it then redundant and costs incurred to rip it out
While I appreciate the investment people have made to be part of Solar PV this and other governments have a history with new initiatives you only have to look at HIPS what if Part P disappeared.
Sorry for being somewhat negative but this is my analysis and thoughts on the PV investment
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