On 1st April 2010 the Government launched a new incentive - a “Feed In Tariff” (also being branded as a “Clean Energy Cashback” scheme) - whereby a guaranteed annual payment will be made to PV system owners for electricity generated and exported for 25 years.
As a result, installing a solar PV system offers you a fantastic investment opportunity, as well as enabling you to future-proof your home’s electricity costs whilst also doing your bit to reduce carbon emissions.
By installing a solar PV system on your home you will get:
- A government-backed, tax-free income stream for 25 years (the Generation Tariff)
- Additional income from electricity fed back to the national grid (the Export Tariff)
- Savings in electricity payments from the clean, renewable electricity generated - i.e. you buy less electricity from your supplier (Avoided Costs)
- Security against rising electricity prices
- A significant reduction in the amount of carbon your household produces
- A manufacturer’s warranty on the power output of PV modules for 25 years (subject to terms).
The government has announced that the Feed In Tariff scheme will run for 25 years with guaranteed income levels over this period which will also rise with inflation. The life span of the PV system is however considerably longer than this – up to 40 years according to some manufacturers – so even when the tariff scheme ends you will carry on benefitting from free electricity for years to come.
The tariff levels confirmed by the Department of Energy & Climate Change for each kilowatt hour (kWh) generated by solar PV systems vary according to the kilowatt peak (kWp) size of the system.
Generating tariffs for solar PV are as follows:
|
< 4kWp (Retro Fit)
|
43.3p *
|
|
< 4kWp (New Build)
|
37.8p*
|
|
4kWp - 10kWp
|
37.8p*
|
|
10kWp - 50kWp
|
32.9p*
|
|
50kWp - 150kWp
|
19.0p*
|
|
150kWp - 250kWp
|
15.0p*
|
|
250kWp - 5MW
|
8.5p*
|
|
Standalone System
|
8.5p*
|
*Please note the Feed In Tariff is currently in the process of undergoing a consulation period with DECC (Dept. of Energy & Climate Change) and reductions are expected to be implemented. A supporting Feed In Tariff factsheet can be downloaded accompanying this page.
Please check with Filsol Solar Ltd prior to any formal enquiry or order for the current Feed In Tariff levels and to receive additional advice.*
