The Government has lost its appeal at the Supreme Court and
hence all installations completed before the 1st March will
obtain the full FIT rate of 43.3p. For installations after the 1st
March the FIT becomes 21p.
From 1 April obtaining the full FIT becomes conditional on your
home having an energy performance certificate grade D. Homes
which are not at grade D already will have up to 12 months
during which to upgrade their insulation and possibly also their
boilers in order to get 21p. Up to 13th June installations
completed under the Sustainable Crediton Solar Project are entitled
to a 5% discount and a 15% rebate. 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. The FIT is set to drop again in July, so if you are
still considering whether to install PV or not, it is still
possible to get a 9% tax free and index linked return on your
investment.