renewable energy
Shrewsbury Office
Shaun Jones MSc (Hons) MRICS FAAV, Director, Professional Services
shaunj@halls.to
Shrewsbury Office
Louise Roberts BSc - Surveyor Professional Services
louiser@halls.to
Kidderminster Office
Daniel A Lovatt, BSc Hons MRICS - Director Professional Services dalovatt@halls.to
Sarah Hulland, BSc (Hons) MRICS FAAV - Surveyor Professional Services shulland@halls.to
The renewable energy industry has progressed quickly providing opportunities for property owners.
Services we provide include:
- Advice on option agreements for large scale windfarms
- Planning advice for on farm projects including wind turbines upto 50kw and solar photovaltaic panels
Solar PV
There has been a massive uptake in solar PV installations in recent months due to returns on investment of around 15%. Installing a solar array results in the ability to generate your own electricity and receive a guaranteed income from Feed In Tariffs (FIT’s) for 25 years.
The latest announcement that FIT’s are to be reduced earlier than expected has caused some concern in the industry. Many believed the current FIT levels were unsustainable and inflated and therefore welcomed a review, though not this early. The new proposals are subject to consultation, but if implemented tariffs will reduce considerably.
Despite the new tariff levels potential investors should not be deterred. The change has forced suppliers to cut prices and margins so that initial returns in the region of 10% are still being expected. Intensive users of electricity such as poultry farms for example, could still achieve a 12% return. Halls work with well established solar PV company The Green Electrician.
For advice including a quote on solar PV installation contact Louise Roberts, louiser@hall.to.
