Feed-in Tariff rate update!
Today Ofgem have announced changes to the Feed-in Tariff rates (FiT) for solar photovoltaic (PV) installations which will come into force from 1st January 2015.
After enjoying a fixed rate for the past 3 quarters, smaller tariff rates (<50kW) will reduce by 3.5% from from 1st January 2015. However, FiT rates for installations >50kW will be remain unaffected by tariff rate degression.
The new Feed-in Tariff rates are as follows:
|Description||1st October 2014 – 31st December 2014 Standard Tariff (p/kWh)||1st January 2015 – 31st March 2015 Standard Tariff (p/kWh)|
|<4kW New Build||14.38||13.88|
|<4kW Retro Build||14.38||13.88|
|4 – 10kW||13.03||12.57|
|10 – 50kW||12.13||11.71|
|50 – 100kW||10.34||10.34|
|100 – 150kW||10.34||10.34|
|150 – 250kW||9.89||9.89|
|250kW – 5MW||6.38||6.38|
The new FiT rates will apply from 1st January 2015 until at least 31st March 2015.
Click here to see the official tariff chart from Ofgem.
Find out whether you could benefit from the Feed-in Tariff before any future cuts! Click here to find out more