Governmental feed-in tariff schemes are paving the way for spurring growth in renewable energy. An attempt to go from large-scale to small-scale electricity production might astronomically be effective. The two main key alternative sources envisaged are wind turbines and solar panels.
It is the right time to invest in domestic energy. Going from macro-generation to micro-generation schemes is to some a ‘scam’ as they consider it as a futile strategy to bring down the level of CO2 emission. However, it is not only the green aspects of renewable energy that makes it the right time to invest, incentives offered are making it profitable.
It can be reckoned that investing in renewable energy will bring an immediate 7-10 percent tax-free return. It is a unique opportunity to engage in the growing green sector. However, the government might make 2012 an even better year as they are predicting “pay-as-you-save” scheme for micro generation, in UK. If your main objective is to save and earn money, investing now is a unique chance.
Those who are going for renewable energy for the sake of decreasing greenhouse emission would also properly opt for investing now. The question for them might be more in the technology itself. People who have installed thermal solar panels in regions where the sun is blessing them are certainly delighted. The downfall arises in the case the regions are not blessed, with sufficient sunlight and wind.
In other words, micro-generation technology makes sense only if ‘you’ are located in a region where wind and sun energy is available. It is practically futile to invest if the sources of energy are insufficient to fuel your home.
The real effect of feed-in tariffs for small-scale or domestic energy is yet unseen. There is an economic and environmental outcome. However, will governmental subsidies absolutely contribute to drastic changes in tempting more investment in sources of energy such as thermal solar panels?
The whole investment on renewable technology is relatively expensive. Not only the technology and installation will cost; there might be a need for extensive changes to roof-structure of houses. Integrating solar thermal on rooftops may require re-designing in case the building is inappropriate for photovoltaic integration.
Is it a Delusionary Motive for Environmental Goals
The benefit of going for domestic energy has been enumerated but is it really the best option. Facts, show that if ever the feed-in tariff (government subsidy) was used to invest in larger project the result might have been more rewarding. The incentives offered by the government are likely a mere psychological delusionary motive for environmentalist. People are lured by the feeling of becoming self-sufficient and that they will reduce carbon emission. This is a relatively daunting perception.
The government subsidy’s funds could have been better invested to bring greenhouse emission to much lower levels. There might be a backlash to this very strategy after social cost has been well evaluated
The reality of the feed-in tariff that is expected to be approved on 1st of April 2010 might not necessarily be as glamorous as expected. The term ‘good’ is questionable according to many critics from the Guardian news.
Main Source: Guardian.co.uk
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