Changes to Feed-in-Tariffs Announced!
Ofgem have announced changes to Feed-in Tariff rates (FiT) for solar photovoltaic (PV) installations which will commence from 1st January 2014.
After all tariff rates were fixed during the current quarter (1st October 2013-1st January 2014), FiT rates for installations >50kW will be decreased by 3.5% across the board in the New Year. The smaller tariff bands will remain unaffected by tariff rate degressions.
The new Feed-in Tariff rates are as follows:
|Description||1st October 2013 – 1st January 2014 Standard Tariff (p/kWh)||1st January 2014 – 1st April 2014 Standard Tariff (p/kWh)|
|<4kW New Build||14.90||14.90|
|<4kW Retro Build||14.90||14.90|
|4 – 10kW||13.50||13.50|
|10 – 50kW||12.57||12.57|
|50 – 100kW||11.10||10.71|
|100 – 150kW||11.10||10.71|
|150 – 250kW||10.62||10.25|
|250kW – 5MW||6.85||6.61|
The new FiT rates will apply from 1st January 2014 until at least 1st April 2014.
Find out whether you could benefit from the Feed-in Tariff before any future cuts! Click here to find out more