New FiT rates now in force

New Feed-in Tariff rates for solar photovoltaic technology begin today.
The rates (in p/kWh) are: 0-4kW - 15.44; >4-10kW - 13.99; >10-50kW - 13.03; >50-100kW - 11.50; >100-150kW - 11.50; >150-250kW - 11.00; >250kW-5MW- 7.10; Stand-alone - 7.10; Export tariff - 4.50.

However, recent electricity price rises mean these cuts will increase the return on investment from solar projects.

Dr. Chris Jardine, Technical Director at PV installer Joju Solar, told Solar Power Portal: 'We've seen a 3.5 per cent cut in Feed-in Tariffs on residential and small commercial buildings. But at the same time, we've seeing electricity prices rise by as much as 10 per cent in October which more than outweighs the cut in feed-in-tariffs and makes the return on investment from solar projects higher than it was this time last month.'

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1 November 2012


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