Solar Feed in Tariff rates are in the process of change....
Although the Government announced last October the Feed in Tariff was going into consultation until the 23rd December 2011, the FiT rates were designated to be cut for systems installed after 12th December. This has been deemed illegal by a Judicial Review just before Christmas 2011. Now into 2012, the Government have appealed and at 17th January we are still awaiting an outcome.
The future seems to suggest DECC are playing for time. It has been indicated they could keep appeals going until March. If this is the case they will have successfully avoided the 'Gold Rush' for the 43p FiT rate.
Well.. kind of!
If anyone is having a system installed after the 12th December cutoff date and probably into April, they COULD qualify for the 43p FiT rate for the next 23 years if DECC's appeal against the Judicial Review is overturned.
SOME solar PV installation websites are exaggerating this fact by simply saying people WILL get 43p if installed before April. Please don't fall for these 'sales' tactics. Check our blog HERE for updates as they occur.
Feed In Tariff Scheme rates.. as DECC proposed, call us to confirm or check the BLOG... The details below may be subject to change shortly!!
Historically.......
As indicated above, the FiT rate has been cut for Solar PV in response to the massive influx of 'investment' company's grabbing massive chunks of budgeted FiT funds.
The Government have adjusted the rate to bring it back into line with the original design rate of return before PV system prices tumbled. For example, a basic 2kWp system installed at the start of the FiT scheme (2009) would have been nearly £11,000. Now that cost will almost buy you a 4kWp system!
As a brief outline, the new Feed in Tariff scheme changes are:
1) For all systems under 4kWp, the rate is now 21p per unit
2) For all systems between 4kWp and 10kWp the rate is now 16.8p per unit
3) For all systems 10- 50kWp the rate is now 15.2p per unit
4) For all systems over 50kWp the rate is 12.9p a unit
5) Important!. For systems installed between 12th December and 31st March 2012, the rate will be paid at 21p a unit after 1st April. BUT system installed after the 1st April will ALSO be subject to having the premises Energy rated, and will need to comply with at least Band C to receive the FiT payment.
All of the above has 'gone to consultation', but as the consultation date completion is 11 days after the 12th December cutoff, we think it is a foregone conclusion the above will be fact.
Download the full document HERE
Only Ofgem listed Electricity companies, listed here will be licensed for FiTs and able to buy your Green generated power on the Feed in Tariff scheme.
Only MCS approved products and installers can be used on a renewable power installation expecting to obtain FiT payments. We are an MCS approved installation company, registration number NIC1331 (originally BRE1319).
Further resource on the Feed in Tariff scheme:
Microgeneration Certification Scheme
email: enquiries@chrisrudge.co.uk