Feed in Tariff [FIT]

Latest News 1st July 2012

As you may have heard in the news recently, time is running out to get the best possible deals for Solar PV installations. Here are some key dates to bear in mind regarding the UK Feed in Tariff (FiT), these are as follows:

From 1 April: after this date all grants become conditional on your home having an energy performance certificate grade D. 50% of UK homes will have up to 12 months during which to upgrade their insulation and possibly also their boilers in order to get the full FiT. These laudable improvements could, nevertheless, cost thousands for some owners.
From 14th June 2012 : New installations completed under the Sustainable Crediton Solar Project are entitled to a 10% discount upto the 13th June 2013.
From 1st August the FIT rate will be reduced further by the Government from 21p to 16p per KWH. The term of FIT payments is reducing from 25 to 20 years. Thereafter there will be quarterly reductions in the FIT rate of 3.5%. Homes will still require a home EPC at Grade D.

Latest News 30th April 2012

From 1 April: after this date all grants become conditional on your home having an energy performance certificate grade D. 50% of UK homes will have up to 12 months during which to upgrade their insulation and possibly also their boilers in order to get 21p. These laudable improvements could, nevertheless, cost thousands for some owners.
Upto 13 June: Installations completed under the Sustainable Crediton Solar Project are entitled to a 5% discount and a 15% rebate upto the 13th June.
After the 13th June, the Solar Project discount and rebate scheme resets to 5% discount only until the first 10 orders are taken in the second year of our Project.
From July the FIT rate is likely to be reduced further by the Government who are currently consulting on changes to the FIT scheme from July 2012.

Domestic Feed-In Tariff

What you get for systems up to 4kWp installed after 1st April 2012:

21p for every unit of electricity generated - whether you use it in the house or it's surplus you send to the national grid. It's guaranteed over 25 years, tax free and index linked. Seems to good to be true, but it is!
Daytime free electricity - not all you require but should reduce bills considerably.
Another 3.1p per unit on what you put into the national grid.

An example: PV on Sandford Stores has generated over 4,500 units in 18 months, saved a lot on electricity bills and put half the units into the grid

For comprehensive details on FIT see Fitariffs and the Energy Saving Trust.

We believe it is still worthwhile to commit to PV at this level of tariff even if stringent energy efficiency measures are required from April 2012.