Photovoltaics

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You'll probably have heard a lot about photovoltaic (PV) technology, since the Government's Feed-in Tariff (FiT) scheme has been very popular. This offers guaranteed payments for every kWh of electricity generated using PV panels and then either used or fed back to the Grid.

While the FiT rates are now significantly below the original rates when they were introduced in 2011, these can still be attractive for those considered including photovoltaics within any new build or refurbishment projects. The significant fall in manufacturing costs means that the FiT rates can still normally provide a 10 year payback, even at the lower current FiT rates.

But Feed-in Tariff income aside, what is the case for photovoltaics, and what are the considerations that should be borne in mind?

Firstly, we'll look at the benefits:

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