Today (24th May 2012) the government has confirmed the new Feed In Tariff (FIT) from 1st August 2012 it will be 16p, down from 21p and likely to decrease on a 3 monthly basis thereafter if Solar PV sells in the volumes predicted.
Export tariff is being increased to 4.5p up from 3.1p to make this closer to the actual market rate
Lifetime payments will be reduced to 20 years from 25 years, which is probably the most significant impact of this FIT update!
Customers installing Solar PV from 1st August 2012 can expect a Return on Investment (ROI) of around 6%
Full details of the update can be found by clicking on the link below:
To benefit from the current 21p tariff and payback times around 8 years, we need to install Solar PV on your property before the 1st August deadline.
Please get in touch today if you are interested in finding out more about Solar PV, we still have some available dates between now and 1st August to complete an installation for you.