Solar Power Is Set to Dominate the Energy Market; ALLAN THOMPSON

The Journal (Newcastle, England), September 19, 2014 | Go to article overview

Solar Power Is Set to Dominate the Energy Market; ALLAN THOMPSON


SOLAR energy is not dead. It's more alive and kicking than it's ever been.

As an industry, solar is on the cusp of dominating power markets in coming decades not only the UK, but around the world. The technology is ready and more efficient than ever, the technical expertise is there, energy storage is catching up and we're now seeing finance for solar PV get serious.

Due to cuts in the Government's Feed-in-Tariff (FiT) subsidies scheme it is understandable why there's a market perception that solar PV is no longer financially attractive. The reality however, is somewhat different. Although subsidies have indeed been reduced, the cost of manufacturing solar panels has also simultaneously significantly reduced. Meaning the rate of return could still be way in excess of rates offered by high street banks for cash on deposit. This is a myth the industry should be taking responsibility for dispelling As energy companies continue to increase energy prices at inflation-busting levels, people are now taking control of their energy and reducing their overheads with solar PV.

At Gentoo Construction we employ Microgeneration Certification Scheme (MCS) accredited solar PV installation teams that have installed over 6 megawatts of solar PV installations - which equates to over 25,000 panels, both fully integrated and retrospectively installed onto existing roofs.

The real growth we're seeing, however, is in non-domestic installations. Businesses and Local Authorities are becoming more and more astute in terms of the potential savings available through solar PV. …

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