Thread: FIT slashed
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harry harry is offline
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Default FIT slashed

On Nov 1, 7:28*pm, "dennis@home" wrote:
"Roger Chapman" wrote in message

...

Harry appears to have invested some £15,000 and if we assume his 8% so far
this year translates into 10% over the course of a full year he will be
lucky to get all his capital back in ten years as the FIT reduces year by
year.


Harry's fit doesn't reduce year by year, it goes up as its index linked.
It was intended that *new* installations would start at a lower rate of fit
each year.
Now they are halving it on *new* installations.


Exactly so. But I still think they will be viable, prices for
installation are falling.