Feed-in tariff latest update - 30.04.12
If you’re having trouble keeping up with the latest news on the government’s Feed-in Tariff (FiT) scheme, here is an update.
Install a solar pv system before 3oth June 2012, and you will receive a guaranteed FIT rate of 21p per kWh giving you a substantial return of up to 10%.
From April 1st 2012 to qualify for FIT your home will need to meet EPC level D building efficiency standards – which in most cases means good quality wall, window and loft insulation and efficient lighting.
From July 1st Feed-in tariff rates are expected to drop by circa 25% depending on how much combined PV capacity is installed across the UK in March and April.
Any 4kwp (or less) system installed and commissioned before July 1st is guaranteed to get the 21p FIT rate, plus an annual increase in line with RPI, for 25 years..... so there is very big incentive to make that decision now.
Bring down your electricity costs AND receive 25 years of cash payments
Transform the cost of solar electricity panels into an attractive investment
The 'Feed in Tariff' (FIT) is a bit of a misleading title. It is really a 'generation' tariff where you get paid for every unit of energy you generate, plus a bit extra for any surplus units you 'feed-in' to the grid.
The Feed in Tariff is designed to reward owners of photo-voltaic (PV) solar panels with direct, tax free, cash payments from your utility company, for the electricity you produce over the next 25 years from your utility company. The Feed in Tariffs started in April 2010 with the highest payments being made to owners of smaller PV systems. These payments have transformed the economics of installing a private system.
The Feed in Tariff turns the price of solar panels into a very attractive investment indeed.
From 12th December 2011, the top rate of Feed in Tariff is 21p/kWh.
From April 1st 2012 homes will also need to have secured an Energy Performance Certificate Level D to qualify for Feed-in Tariff income, which in most cases means good quality wall, window and loft insulation and efficient lighting.
Once your system is installed, commissioned and paid for, you will recieve an MCS certificate. You will need this certificate to apply for your Feed-in Tariff payments from your energy company who are obliged by law to act as your FIT licensee for 25 years. A list of all the contact details of the FIT licensees is available in this link: http://www.ofgem.gov.uk/SUSTAINABILITY/ENVIRONMENT/FITS/APPLY/Pages/Apply.aspx
Call FREE 0800 0546 613 and speak to an adviser today, for a no obligation quotation, or click here to apply online
