Feed-in tariff for Solar PV to decrease in April
Posted by Cathy Debenham on 4 February 2015 at 10:14 am
The feed-in tariff rates from 1 April 2015 have now been announced. There has been a 1.6% cost of living increase across the board for those who are already receiving feed-in tariff payments.
There is a surprise reduction in the rate for most sizes of solar PV installed from 1 April 2015. For the first time since the degression scheme was introduced, installations in the last quarter met the government target, and has triggered a small decrease in the rate. Small domestic installations up to 4kWp will get 13.39p per kWh (down from 13.88p).
Each time there's a degression, there tends to be a rush to install before the deadline. It makes a great selling point for installers to sell on. While it's obviously nicer to get the higher rate, solar PV will still be worth having after the decrease, so don't let yourself be pressured to rush, as that's often when the cowboys cut even more corners.
Photo: Simon Kay
More information about Feed-in Tariffs on YouGen.
Need help with any Jargon?By Cathy Debenham
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