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 |
Standalone | 6.85 | 6.61 |
The new FiT rates will apply from 1st January 2014 until at least 1st April 2014.
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