Solar Panel Investment is Your Future
The world leader in solar energy (as seen on the BBC), Germany, is currently seeing a spike in demand for Solar Energy Investment as the deadline that you have to ‘plug in’ before the reduction in the feed-in tariff (FIT) looms.
Reuters reported (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, therefore reducing the returns and attractiveness for investment.
Solar photovoltaic (PV) panel makers have been inundated with 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 deadline.
Steven Worboys, MD of Experience International who are marketing exclusively, for the first time in the United Kingdon, Solar Panel investment in Germany, stated,
“With the 1st July deadline fast approaching we are sourcing extra roofspace in order to meet the serious demand for solar energy investments in Germany. UK investors know that ‘plugging in’ by this date will mean higher returns across the next twenty years.”
The FIT which was 1st introduced into Germany back 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 helping the development of the renewable energy industry that is has been implemented all across the world, including the UK.
However, some twenty years on, the German government has decided that the feed-in tariff, currently at 32 – 43 eurocents/kWh, is over-subsidizing the renewable energy industry and costing the consumer too much (8.95 Billion Euros in 2008) and so the FIT tariff is to be reduced. The fall of up to a third in the cost of production of solar panels and growth in lower cost imports, especially from China, also influenced the decision.
By their very design FITs are made to to reduce over time and the reduction is not unexpected, even if the high two digit nature is thought of as somewhat 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 on the planet. It has installed 9 GW of PV capacity with a target by the government of 66 GW by 2030. The industry has a turnover of some €1.7 billion per year, employs 20,000 people and analysts anticipate that solar energy can provide 25% of the nation’s electricity by the year 2050.”
With this clear progress thus far and new government targets for renewable energy production being made, the imminent reduction in FITs is definitely 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 for investors to see returns of €21.501 net income in Year 1 and 17% net ROI for years 1 – 20.
For more 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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