The terms of the feed in tariff are that you are paid for every unit of energy you generate (whether you use that energy or not), and these payments are index-linked and guaranteed for 20 years.
The initiative was launched in 2010, this beneficial scheme has allowed tens of thousands of PV installations to be implemented on domestic and commercial properties across the UK. as people. The considerable advantages the scheme offers include substantial financial return on investment, as well as benefit from reduced energy bills and the protection against future energy price rises.
In light of the higher than anticipated number of installations that the feed-in tariff prompted, and taking into account the falling installation costs, the Department of Energy and Climate Change (DECC) published a review of FiTs in February 2012. In order to ensure that the allocated budgets have longevity, the review proposes linking the tariff to the number of systems installed.
On May 24th 2013 the government announced the results of this review and published revised FiT for solar PV effective from August 1st 2012. These revised rates are shown below (all rates are per kWh):
|Size in KWp||FIT||Export tariff||Example installation and annual carbon savings|
|0 – 4KWp||14.9p||4.5p||4KWp – 1,920Kg (Typical Domestic)|
|4.01 – 10KWp||13.99p||4.5p||10KWp – 4,800Kg|
|>10 – 50KWp||13.03p||4.5p||50KWp – 24,000Kg|
|>50 – 150KWp||11.5p||4.5p||150KWp – 72,000Kg|
|>150 – 250KWp||11.0p||4.5p||250KWp – 120,000Kg|
|>250 – 5MWp||7.1p||4.5p||5MWp – 2,400,000Kg|
In order to be eligible to receive the FiT, you need to adhere to certain criteria:
- Your installer must be accredited with the Microgeneration Certification Scheme (MCS). Green Planet Solar Energy are fully MCS accredited.
- Your panels must also be MCS approved. Green Planet use high-efficiency PV modules supplied by the leading manufacturers.
- Your system size must be less than 4kWp to qualify for the highest tariff rate. Most domestic systems are well within this limit.
- Your energy supplier must offer FIT payments. This is a legal requirement for the big energy suppliers, but some of the smaller providers may not, see the full list.
- From 1 April 2012, homes must comply with minimum energy efficiency standards and obtain an Energy Performance Certificate (EPC). See below for more information.
- From 1 April 2012, only homes that have an energy performance certificate (EPC) at grade D or above will receive the full feed-in tariff
- EPCs give an overview of how energy efficient the property is. It shows how your home ranks on a chart of seven coloured bands, ranging from A (the most efficient, in dark green) to G (the poorest, in red).
Project Solar will arrange for your property to be inspected by an assessor prior to any installation and in the event where the efficiency of the property needs to be upgraded we will offer the relevant advice and assistance.