The result of the much reduced Feed in Tariff is that, even with the price of PV panels reducing, it is only just about cost effective for a householder to do this on their own home. Typically the financial return is about 4% when you include both the FiT payment and the savings on electricity costs. This is more than building societies pay, and is index linked and tax tree - but of course you can't get your money out!
This lower rate of return means if MORE Renewables fitted panels to Schools and other community buildings, even if the users paid us for the electricity generated by the panels, the best return we could offer investors would be around 2%. This is really too close to zero, for us to take the risk of running a share offer and carrying out the installations. If we found that we had extra costs, we might be able to pay no return at all. With FiT tariff rates due to go down again in July the future for community-funding PV projects does not look good.