Friday, March 2, 2012
Cuts to UK Wind Power ROCs & FiTs
A government consultation on reductions to FiTs is ongoing until April 26th. The new rates are expected to start in October. To beat the deadline for the FiT reduction in the fall, applicants need to submit their planning applications by May 31.
With wind turbine costing around around £67,000, acting before the deadline can save £16,750. Wind turbines also save money on electricity. Some farmers have reportedly saved up to £10,000 on annual electric bills with just one wind turbine.
With the deadline looming there is a race to get wind turbines now before the 25 percent reduction in FiTs kicks in.
© 2012, Richard Matthews. All rights reserved.
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