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Segen drops PV prices to combat FiT reduction

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Segen has announced that it will be reducing the prices of all of its solar PV products to help reduce the impact today’s Feed-in Tariff rate reduction.

In line with the automatic degression model introduced last year by the government, a cut of 3.5 per cent will be imposed for a three month period between today and October 1st on solar PV installations in the 0-50kW banding.

Segen has therefore decided to reduce its solar PV prices by a corresponding 3.5 per cent, to enable UK installers to pass on this saving to end-users and mitigate against any fall in demand.

Andy Pegg, ceo of Segen, said: “It is a tough time for UK installers at the moment. They have recently seen their costs pushed up due to the Chinese anti-dumping tariff and today’s feed-in tariff cut will only reduce margins further.

“As the leading UK distributor, it is Segen’s responsibility to help its customers weather the storm and these price reductions will hopefully go a long way to ensuring that there is not a fall in end-user demand for solar panels.”