"We believe that our strategy of funding domestic solar PV systems is consistent with the design of the Feed-in-Tariff Scheme"
(PRWeb UK) February 8, 2011
Whilst the Government's decision today to review a scheme designed to promote greener electricity has left some large scale commercial solar installers with uncertainty regarding potential income there have been some notable winners from this latest announcement.
The DECC announcement has been welcomed by the firm behind the country's first EIS structured investment fund based on domestic solar panels - Goldfield Partners Ltd.
Energy Secretary Chris Huhne announced the review of the Feed in Tariff scheme today following concerns that large scale solar farms could drain off much of the money set aside for the scheme.
The scheme, which pays a premium for electricity generated from renewable sources, was introduced last April. It was designed to encourage homes, communities and small businesses to generate their own electricity.
Goldfield Partners are the first in the UK to offer a EIS structured fund to investors thereby giving them the chance to invest in domestic solar and to take advantage of the attractive returns available from renewable energy production.
Green energy companies around the country are installing free solar panels on homes - allowing the homeowners to use the electricity they generate for free. The installers receive the income paid by the Feed in Tariff Scheme for generating the electricity.
Goldfield Partners has identified this as an attractive opportunity for investors and has negotiated to buy large numbers of the pre-installed domestic solar systems from these companies.
Welcoming the review, Leigh Goodman, a Director at Goldfield Partners (http://www.goldfieldpartners.com), said;
"This announcement today strengthens our resolve to fund domestic solar PV systems that have been provided at no cost to the house owner. We always believed that the Feed-in-Tariff Scheme was designed to benefit micro generators who generate electricity for their own use.
We are convinced that the investment policy of our EIS Fund is entirely consistent with the Government's aspirations for the Feed-in-Tariff Scheme".