New Feed-in Tariff for Solar Announced
The DECC has announced changes to the Feed-in Tariff (FIT) for Solar PV that will offer more predictablility and stability to the Solar Industry.
The sub 4kW band which is common for domestic systems will reduce to 16p/kWh from the 1st August but at the same time the Export Tariff will increase from 3.1p/kWh to 4.5p/kWh.
New Tariff Levels from 1st August 2012
|Generation tariffs for new solar PV installations from 1 August 2012 Band (kW)||Standard generation tariff (p/kWh)||Multi-installation tariff (p/kWh)||Lower tariff (if energy efficiency requirement not met) (p/kWh)|
|•4kW (new build)||16.0||14.4||7.1|
Future reductions will be set to decrease on a 3 month basis thereafter, with pauses if the market slows down.
Please call us on 01789 262411 for more information or click here to read the full DECC announcement