Paul Roche: The market could stage a recovery if further cuts are delayed.
FIT cut delay welcomed but industry needs clear strategy
Published: 22 May, 2012
DUBLIN: National merchant Grafton Group welcomed the likelihood of a delay to further cuts in the Feed-in-Tariff, as suggested by Energy and Climate Change Secretary Ed Davey in the House of Commons last week. "The Government must make its intentions clear to avoid further stagnation of demand and should opt for a meaningful delay to stimulate growth," said Paul Roche, Grafton’s sustainability and renewables director.
“The industry has witnessed a worrying drop in demand for solar PV panel installations since tariffs were halved in April, but the market could stage a recovery if further cuts were significantly delayed beyond the planned date of 1 July,” Mr Roche stated.
“There are many contributing factors that are suppressing demand, not least a general confusion among members of the public and the backdrop of a weak economy that is hampering the building and housing sectors. A clear message that tariffs will remain stable for a longer period would give homeowners the green light to go ahead with their plans.
“We all want to see a renewed confidence and this is an obvious way to kick-start the industry. Grafton has shown its commitment by signing up to become one of the first Green Deal Providers and there is plenty of enthusiasm in the industry to show that solar is still a genuine opportunity for homeowners and businesses.”