Latest Feed-in Tariffs scheme finally confirmed by the UK Government a month ago will start on 1st August 2012. Homeowners applying on or before 31st July 2012 will receive the current 21p/kWh rate for an up to 4kW solar panels installation, as well as an EPC level D or above. However, those with an eligibility date on or after 1st August should be aware of the key changes announced by the UK Government. (more…)
Posts Tagged ‘new FITs’
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…)
Last week the Government announced their decision to postpone the new Feed-in Tariffs cut, confirming that the cuts to solar incentives will happen in August 2012, a month later than originally planned.
From 1st of August, the new Feed-in Tariffs will drop from 21p/kWh to 16p/kWh, and will continue going down every three months, depending on the market. On the contrary, the Export Tariff will be increased, going from 3.2p to 4.5p per kW hour.
The Government defends these cuts have to be done to reflect the lower costs of installing solar panels, and maintains that new FITs will give a return of the 6% for a typical solar panels installation. Climate Minister Greg Barker said “the sector has been through a difficult time, adjusting to the reality of sharply falling costs, but the reforms we are introducing today provide a strong, sustainable foundation for growth for the solar sector”, providing the industry with ‘transparency, longevity and certainty.’
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.
It’s a fact: the new feed-in tariff will take effect from April 1, 2012. Next Sunday, the feed-in tariff rates for photovoltaic systems with a total installed capacity of 250 kW or less will fall, while a lower multi-installation tariff is introduced by the Government.
According to the Department of Energy and Climate Change website, that “multi-installation tariff applies to PV installations where the generator or nominated recipient for FITs already owns or receives FIT payments for more than 25 PV installations on different sites. Such installations will receive a tariff set at 80% of the level of the standard tariff.” (more…)