Feed In Tariff Scheme rates announced! 
On 1st February 2010, Ed Milliband announced the final details to complete the Feed In Tariff scheme commencing in April 2010.
The good news is that the rates are much higher than proposed in July 2009, will now run over 25 years, is index linked and confirmed as tax free.
This now confirms Renewable power installations as a far better investment that anything the local high st bank can offer.
Reproduced to the right is the payback table of system types and sizes, with the amount of payback (per generated kWh). More info can be found here
This rate is paid for all power you generate, which means you can use as much of your generated power as completely free electricity! It is estimeted you will use around 50% of your generated power every year, thus saving even more on your power bill.
Unfortunately, the £2500 capital grant has now closed (3/2/10).
Current Top Electricity companies, who will buy your Green generated power. Applicable until April 2010. After which, the whole system changes over to Feed In, except for systems installed before 15th July 2009, which remain on old 9p a unit rates.
From April 2009, the Government has doubled the Renewable Obligation Certificate (ROC) allocation per Green megawatt generated. This has meant some electricity companies have passed this onto their green generating customers. Significantly, lead suppliers Good Energy and Scottish & Southern have just increased their scheme values.
Good Energy have increased their credit payments from 10p to 15p for every unit generated on the HomeGen scheme. An ideal plan for many domestic situations, as this 15p is paid to you whether you use the power or not. A double saving!
Scottish & Southern have increased to 28p a unit exported power. (website still to be updated). This only applies to the surplus power not being used by the house, and may be a good scheme if the house is empty during the day when the sun is doing its work.
Ecotricity have kept their generated unit cost at 12p, as their rate increase in February on the Renewable Rewards scheme took the recent ROC increase into account.
N Power pay 12p for every unit exported, so currently come bottom of the value list, but check out their website as this rate may change imminantly in response to the new ROC value.
Renewable Obligation Certificates are electronic 'credits' issued for every megawatt of green electricity you generate. These are currently worth around £45 each to Electricity suppliers who will auction them off on your behalf.
It is usually far more financially beneficial to sign over your ROC claim to your electricity supplier, who will be able to obtain a far higher cost for the ROC than you will get as an individual, this higher price will be passed onto you. Plus of course, you get that ROC value incrementally paid per kWh generated and not having to wait till you have generated a megawatt (1000kWh) of power.
email: enquiries@chrisrudge.co.uk