UPDATE ON FIT CHANGES

News Jun 13, 2012 No Comments

 

The UK Government announced on 24th May their cost control framework for solar PV, including details of the new tariff rates for solar PV which will come into effect on 1st August 2012.

Householders with an eligibility date on or before 31st July 2012 will receive the current 21p/kWh (<4kW) rate. Those with an eligibility date after this should be aware of the key changes announced by the UK Government.

From 1st August 2012:

  • The new tariff rate for solar PV <4kWp will drop to 16p/kWh with an EPC band D or higher (if band E or less the lower tariff rate has also dropped to 7.1p/kWh).
  • The export tariff rate will increase to 4.5p/kWh for all new solar PV installations.
  • The tariff period (lifetime) will be reduced for solar PV from 25 to 20 years for all new solar PV installations.

Full details can be found at http://www.energysavingtrust.org.uk/Generate-your-own-energy/Financial-incentives/UK-Government-changes-to-Feed-in-Tariffs-new-and-proposed

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