14 Mar, 2010
UK Government finalises feed-in tariff proposals – renewable energy, solar power, solar energy, DIY, building
Posted by: Geoff Davis In: Climate change|Energy|Housing|Renewable energy|roofing|Solar devices|Solar power|Sustainable power|water|Wind turbine power
Solar panels in a car park in Hull, UK (not quite FIT but whatever)
These proposals were set out a while back but we’ve been busy. The basic scheme is better than people expected with these figures:
A feed in tariff (FIT) allows home produced electricity from solar, wind, GSHP or water (etc) to compete on the grid, as national grid supplies are heavily subsidised.
Electricity is paid at a set rate. The new system pays for energy, whether you use it yourself or put it back into the grid.
This is in addition to any savings you make by using your own energy, or from selling back to the main supplier.
Feed-in tariff is set at
41.3p/kWh for a typical domestic solar photovoltaic PV installation.
26.7p/kWh for small wind turbines etc.
These rates are index linked to inflation over the life of the scheme (unless the Conservatives get in of course. Actually, do you believe Labour on green issues? I don’t think so).
Also there will be no income tax for people on revenue from the feed-in tariff, if the energy generated is used mainly by your own property (at the moment that is).
We will keep you posted of any developments.
See our pages at:
