With the new digression method for the reduction of Feed-in Tariffs linked to the number of installation that have been carried out, their is now predictability and stability for the the future of the Feed-in Tariff.
DECC annouced earlier this week what the Feed-in Tariff will be from the 1st November. The tariff rates for systems under 50kWp (typically less than 200 panels) will drop by 3.5%. This means that for a 4kWp (16 panel) system you will be paid 15.44p per kWh instead of 16p. There will no longer be the dramatic drops in Feed-in Tariff rates we’ve seen previously thus allowing you to plan you renewable energy installation with confidence.
DECC are committed to Solar PV being an important part of the UK’s renewable energy strategy and are due to announce some ambitious targets. They are rumored to be targeting 1 million domestic Solar PV installs by 2015 and to have a total 20GW capacity installed by 2020 this would mean on average 6,000 PV installs to be carried out a week!
