As part of the UK Low Carbon Transition Plan the Government has announced the details of the proposed feed-in tariff for electricity generated through renewable energy systems, like solar photovoltaics.
The new tariff will pay for ALL electricity generated by your system, irrespective of if you use it yourself or sell it back to the grid. The amounts paid are in addition to any saving you will make by purchasing less electricity from your supplier and any income you earn from selling your surplus power to your electricity supplier.
The key points of the announcement are:
- 36.5p/kWh for small solar photovoltaic systems up to 4kW and 28p/kWh for systems up to 10kW.
- 23.0p/kWh for small wind turbines between 1.5kW and 15kW.
- Replaces the current ROC system which pays 10p/kWh.
- Effective as of the 1st April 2010, but all systems commissioned from now on will qualify.
- Systems installed from now until April 2010 will be eligible for both LCBP grants AND the new tariff.
A typical home solar photovoltaic system of 3kW, generating approximately 2,300kWh per annum will therefore earn around £1,000 per annum, which is an additional £600, dramatically reducing payback times.
As fully accredited Microgeration Certification Scheme Installers, any photovoltaic system installed by SunGift Solar from today onwards will qualify for the feed-in tariff.
Following this announcement we are expecting a huge rise in demand so to ensure that you can make the most of the £2,500 LCBP grant currently available and the new feed-in tariff, please get in touch with us as soon as possible!!
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