DECC explains how green deal and feed-in tariffs work together
Posted by Cathy Debenham on 24 April 2013 at 12:09 pm
You can use Green Deal finance to help meet the costs of installing solar PV, wind or even microCHP* on your property and receive the Feed In Tariff (FIT) as well. Hydro generation and anaerobic digestion receive FIT but are not eligible for Green Deal finance.
The amount you can finance through Green Deal will depend on how much a home like yours is expected to save on its electricity bill. Even if this is not enough to pay for the full cost, you can still use Green Deal finance to pay for part of the cost. Your Green Deal Provider will be able to calculate this. The Feed In Tariff payments cannot be included in the calculation.
The following table outlines the how it would work financially. Figures are based on those provided by the Solar Trade Association, and a deemed export of half of your generated electricity.
*Micro combined heat and power of less than 2kWBy Cathy Debenham
If you have a question about anything in the above blog, please ask it in the comments section below.
0 comments - read them below or add one