Proposed changes to RHI Schemes resurrected
Feed in Tariff
The Feed-in Tariff (FiT) is available to home owners and business to encourage the installation of solar photovoltaic panels. There are three elements to the scheme: –
- Generation Tariff – a payment from your electricity supplier for every kilowatt hour (kWh) your system generates.
- Export Tariff – for electricity not consumed and exported to the grid for which you receive a guaranteed price from your supplier. For small installations this will be deemed to be half of what is generated.
- Energy Saving – as you will be consuming some of the energy you generate your electricity bill from your supplier will be reduced.
Once an installation is registered the tariffs are fixed for 20 years and subject to RPI adjustments with payments issued quarterly based on meter readings. Tariffs vary depending on size of installation and are subject to quarterly default degression and a deployment cap.
|Q3 2017||Q4 2017||Q1 2018||Q2 2018|
|(if unaffected by deployment cap)|
|Solar PV *||<10||4.07||4.00||3.93||3.85|
|10 – 50||4.29||4.22||4.15||4.08||5.03|
|50 – 250||1.94||1.89||1.82||1.78|
* Higher Rate Tariff (other tariffs applicable for multiple installations and poorly insulated properties)
For domestic properties to claim the Higher Rate tariff for solar PV the home requires to have a minimum band “D” Energy Performance Certificate prior to the commissioning of the installation. For properties that have a band E or lower a reduced tariff is applicable.
To find out more contact Fervo Renewable Energy for an informal chat or make an enquiry.