Ummm, the problem with the PV systems is not so much the panel
reliability (which is ok), nor the panel decline in efficiency (which
is quite small), it is the cost of inverters which is high &
reliability which is low. That is not properly factored into the
figures, even three inverters over 25yrs is quite a substantial cost.
PV is great for southern spain and africa, indeed cheaper PV merely
aids the improvement in foreign economies - back to the old 1$ spend
in the West creates 3$ GDP elsewhere and 0.9$ GDP here. From
1990-2000-2010 the West is increasingly spinning its wheels to go
nowhere in terms of GDP.

Likewise the ONLY way for the UK to get out of its debt problem is
high inflation of 7-11%/yr which makes the return on FiTup not so good
as it first appears. The UK is not cutting its deficit, merely the
rate at which it increases - it is cutting it relative to inflation,
but long term much of the West has a problem of Stagflation.

BoE is already going for QE3 and USA will go for QE3 within a few
months, the Fed however does not see inflation as a solution unlike
the UK. The UK is *absolutely* *terrified* of the global bond market
pushing up UK interest rates because it would utterly implode the
housing market and destroy the banks and "housing as ATM machine" of
1986 onwards. I do mean absolutely terrified because the whole ponzi
scheme would implode, good for the young, but would shunt the UK
overnight back to pre 1650s.

FiT was a welfare program for DG companies, the average fitter was
making about £32-35,000/yr and the companies were a quick springboard
to 1M/yr for the directors. They wanted a free ride and New Labour
gave them one - at the expense of the poor! DG is drying up and the EU
does not like plastic rubbish and wants longer life sustainable DG
solutions. Much of the DG has improved, but the UK has a serious DG
landfill problem negating the green drivel they came out with.

Melons!