The UK Government has introduced today the New Feed-in Tariffs scheme. From 1st of August on, residential tariffs for homes which have a Level D Energy Performance Certificate or above, will drop down from 21p per kWh to 16p, and the payment time will decrease 5 years, standing at 20 instead of 25. On the flip side, the Export Tariff will increase to 4.5p/kWh. The total benefit estimated now for a homeowner installing solar panels on or after 1st August is £866 in Year 1. (more…)
Archive for the ‘Index linked’ Category
Less than 8 weeks is the time homeowners have to install solar panels under the 21p Feed-in Tariff scheme. After that, from 1st August 2012, the new 16p Feed-in Tariff announced by the Government will start, and solar PV installations returns will change.
In April 2012, the UK Government introduced the 21p FIT. This new scheme kept everything as it was, with the exception of the Feed-in Tariff, which dropped from 43.3p to 21p per kWh. To receive these FITs now, you are required to have an Energy Performance Certificate (EPC) showing that your property has an EPC band D (for a system under 4kWp). In case your house doesn’t reach EPC band D, you will receive a lower tariff of 9p/kWh. (more…)
The Department of Energy and Climate Change (DECC) has once more published and updated solar photovoltaic installations for the week ending 6th May 2012. Solar panels demand in the UK continues to drop as we could see last weeks, and overall have dropped off a cliff since the new Feed-in Tariffs started, lending support to these who say this decision was taken too fast, damaging thousands of homeowners and businesses.
An Energy Performance Certification (EPC) is a legal requirement in bought, sold or rented buildings in the UK.
Although there are some exceptions – places of worship, temporary buildings (less than 2 years of use ), standalone buildings with an area of less than 50m2 that aren’t used to provide living accommodation for a single person, industrial sites, workshops and non-residential agricultural buildings that don’t use too much energy, and holiday accommodations rented for less than 4 months or with a license to ocuppy -, Energy Performance Certificates are required for all the domestic and commercial buildings available to rent or sell in the UK. (more…)
As every week, the Department of Energy and Climate Change publishes the weekly statistics of solar PV installations all over the UK. Around 50 installations more than the week ending 15th April took place, which means that, right now, there are a total of 312,537 solar PV installations in the UK . As a result, these solar panels installations are producing more than 1 GW of energy (1,067,903 kW), that equals that when operating at peak performance, these panels could be powering up to 220,550 homes1. (more…)
How Feed in Tariffs from 1st of April work? How householders benefit and how much are they going to earn with new FITs now? What does a house need for receiving 21p per kWh?
With the last changes in solar taxes, Explanimation has decided to create a video explaining how new Feed in Tariffs work, and also how much home owners could save annually thanks to solar panels and new taxes. Watch this video if you still have questions about new Feed in Tariffs, you’ll find it interesting and quite easy to understand.
Virtu, the name given to a new a hybrid solar panel that simultaneously heats water and generates electricity.
The new technology integrates an electricity-generating PVC cell into a hot-water-generating solar thermal panel. Through combining the two technologies, the industry is now able to address one of the problems facing PVC cells :
Last week, Discover Solar team decided to visit 2012 Ecobuild exhibition, which ran from Tuesday to Thursday at the ExCel Centre in London, and know more about what’s next in the UK solar industry.
We took the opportunity to meet lots of people and companies, and talk with them about our thoughts on how and where UK solar market is headed in this next 2012. To those who couldn’t be there, here you have some of which, in our opinion, were the most important novelties:
With almost all of the renewable energy sources tariffs last for 20 years, with the exception of Solar PV which is 25 years.
Is the tariff fixed and guaranteed for the entirety of the period?
Yes – once the start any given tariff, it is guaranteed for the full period shown above and is index linked.
What does index linked mean?
Each year a set level of generation and export tariffs will be adjusted pro-rate to the retail price index. The tariffs administrators will publish the updated tariff levels prior to the budget on the 1st of April each year.
Do the tariffs ever change?
Agreed systems tariffs will only change with the index-linking above.
Looking forward systems not yet registered tariff levels might change at the first review.
How long does the scheme last?
The incentive scheme is open to new installations until the end of March 2021 and so long as the UK is on target for its target mark of 15% renewable energy creation by 2020 this is likely to stand.
In theory a PV installation registered sometime in early 2021 will still be valid and receive tariffs until the 31st of March 2046.