Feed In Tariff cuts from 31st March 2015
By Rick Robinson at JLeaf, Mar 20 2015 06:48PM
Feed-in tariffs explained
What is a feed in tariff?
This is a Government initiative to encourage uptake of investment in solar panels. These systems generate electricity and you get paid for every kW regardless of whether you use it in your home or automatically send it back to the National Grid
Why do they reduce?
Solar panel installations in Stockport, Wilmslow, Handforth and Cheadle, Cheshire areas
Beating the Feed In Tariff cuts with Solar Panel installation
A Government subsidy is designed to kick start interest in a particular initiative and solar panels have been fitted to over half a million properties in the UK so far. Once uptake is established, the reduction policy (known as digression) was always planned to apply to the solar panel industry is brought into effect.
How much will the tariff reduce by?
The tariff currently pays 13.88 pence for every kilowatt that you produce (shown on a meter that is installed with your panels). For all installations registered with your power supplier after 31st March 2015, this rate drops to 13.39p
How much will that mean to me in real terms?
A typical 4kw (usually 16 panel) installation, facing South on a 30 degree pitched roof in the South Manchester, Stockport or Cheshire area will typically produce 3,500kw per year. The net result of this cut will mean that you will receive about £17.50 per year less. It doesn’t sound a lot but when you multiply that by the number of years that the tariff scheme pays you – 20 years – (plus it increases with inflation) then you may well find that you are over £400 worse off over the life of the scheme
What can I do to take full advantage of current rates?
We still have some installation slot availability before the rate cuts. Call us on 0161 408 2401 and we can arrange to call out and survey your home for solar panel suitability.