Feed in tariff - Photovoltaics - Photovoltaics installation - Photovoltaic systems - Solar Photovoltaics - Clean energy cashback
Feed in tariff
The Department of Energy and Climate Change’s feed in tariff or FIT is also known as ‘Clean Energy Cashback’
The scheme will pay for every kWh generated by a photovoltaic system – even if it is used within the property!
DECC have recently proposed to revise FIT payments.
For example, retrofitted systems under 4kWp and installed before 1 April 2012 will receive a guaranteed 25 year FIT payment of 43.3p per kWh until 1st April 2012 and 21p per kWh thereafter. For domestic customers this is tax free.
Additionally, where the electricity is used within the property importing electricity from the grid is avoided (Saves approx. further 15p/kWh) or if the solar electricity is exported then there will be a guaranteed legal minimum payment of 3p/kWh.| PV system size | Situation | Cash back / kWh to 1/4/12 | From 1/4/12 |
| 4kWp or less | Retrofit | 43.3p | 21p |
| 4kWp or less | New Build | 36.1p | 21p |
| 4.1 – 10kWp | All | 36.1p | 16.8p |
- Cost of import assumed at 15p/kWh
For a typical 3.36kWp domestic PV system this equates to an annual cashback payment of around £480 - excluding savings from avoided import and payments for any exported power. DECC’s intention is to incentivise photovoltaic systems with a return on investment around 4%.
Community groups, public and non-profit sector
Looking for funding? Give these websites a try!
http://www.j4bcommunity.co.uk/default.aspx
Small & Medium Sized Businesses can apply for interest free renewable energy loans from the Carbon Trust. You can borrow from £5,000 to £100,000 unsecured, interest free and repayable over a period of up to 4 years.
From April 2010 SME’s will be eligible for the Clean Energy Cash Back Scheme. (See above)
Go to http://www.carbontrust.co.uk/energy/takingaction/loans_renewables.htm or call 0800 085 2005 for more information.
This website may help you find a grant - http://www.j4bgrants.co.uk/Default.aspx
‘Our house is burning down and we are
blind to it’
President Jacques Chirac
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