We recommend that if you are considering installing solar panels, you decide to install them now. The rate you get with the Feed-in Tariff all depends on when you install your panels and register for the tariff. A typical 4kwp system will give you a financial benefit of up to £635 and this income is guaranteed under the Governments Feed in Tariff scheme.
The Government first launched the Feed-in Tariff scheme in 2010, paying households in the UK an enhanced rate for producing electricity. The payments are made every three months by your energy supplier and in addition you receive reduced energy bills. What’s more is you get paid for all of the energy you generate not just the energy you export.
See the below table to view the savings you will gain from the tariff:
Solar PV Panels: Feed-in Tariff Generation Rates
|Generation tariff for 1 Oct – 31 Dec 2015||Tariff if EPC below band D for 1 July – 31 Dec 2015|
|4kW or less||12.47 p/kWh||5.94 p/kWh|
|4kW to 10kW||11.30 p/kWh||5.94 p/kWh|
Other Technology: Feed-in Tariff Rates
|Generation tariff rates (1 Oct 2014 – 31 Mar 2015||Generation tariff rates (1 Apr 2015 – 31 Mar 2016|
|Wind turbine (1.5kW or less)||16.00 p/kWh||14.45 p/kWh|
|Wind turbine (over 1.5kW, up to 15kW)||16.00 p/kWh||14.45 p/kWh|
|Hydroelectricity (15kW or less)||19.01 p/kWh||17.17 p/kWh|
|Micro Combined Heat & Power (2kW or less; first 30K units)||13.24 p/kWh*||13.45 p/kWh|
Table note: All for 20 years, except micro-CHP for 10 years. Export tariff rate: 4.85 p/kWh
* 15 Mar 2015 to 31 Mar 2015
FiT Cuts Begin January 2016
The Department of Energy and Climate Change have decided that this tariff needs to change soon, so soon in fact that by January 2016, cuts to the tariff will be made by around 87%. For the majority of households this means the savings just won’t add up, however, there is still time to register. If you do install your solar panels and register before January, your benefits will last 20 years and will allow you take advantage of both the payments and reduced bills.
You can find more information about the tariff on our newsfeed including important links to helpful resources and a list of those who are eligible for the scheme. You can also find more information on how solar panel installation can benefit you on the Energy Saving Trust website.