Feed In Tariff
For the latest news and updates please visit Solar Power Portal.
If you have any questions then please contact us.
This is an example of the benefits of the 21p/kWh FIT:
A 2.82kWp system at the price of £8499 could save you £160 a year and actually earn you £600 a year.
This size system is ideal for domestic use and for small businesses wanting to reduce energy bills and reduce their carbon consumption.
The current government backed Feed in Tariff rate of 21p/kWh will see a payback period of ten years and also an income of £600* a year.
You will also be able to make an additional £40* a year by selling your electricity back to the grid.
The total income over 25 years (including savings, export income and FiT) = £24,567*
*The prices are based on current figures and are subject to change.
Please get in touch to find out about different sized systems and the amounts of income/savings you could make.
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The Department of Environment and Climate Change has released a statement saying that: “The tariff rate for PV installations less than or equal to 4kW will not fall below 21p for installations with an eligibility date between 12th December 2011 and March 31, 2012.”
For up to date information about the FIT's and the industry please go to:
DECC (The Department of Energy and Climate Change)
Solar Power Portal (Information and the latest news)
FIT rates
Up to 4 kW 21p (this is the system an average domestic property will have)
4-10 kW - 16.8p
10-50 kW - 15.2p
50-250 kW - 12.9p
These will continue to track the Retail Price Index and the other rewards will remain available to you, such as free use of the electricity you generate and payment from the energy provider for the electricity that you don’t use. Even under the revised scheme solar energy is still a good investment financially as well as environmentally.
Energy Certificates
For those who install after April 1st 2012 it will become necessary to obtain a level C energy certificate in order to be eligible for any FIT.
For more information on the Green Deal.
The tariff rate after March 31st is currently unknown.
Please note those who have installed solar panels before December 12th will not be affected by the revised policy and will remain on the higher payment Feed-in-Tariff scheme.
If you would like to know more about the revised Feed-in-Tariff scheme or what return you can expect from your investment please contact us and one of our solar consultants will be happy to help you.
