The Government has announced a reduction to the Feed in Tariff rate paid to owners of new Solar PV systems that are installed, commissioned and registered after 31st July, 2012, a month later than the previously expected date.
Owners of eligible systems installed, commissioned and registered before the above deadline, will enjoy the current FIT rate of 21p per kWh, index linked, for 25 years from the date of registration. From August 1st, 2012, a reduced tariff of 16p per kWh will be paid to new installations of 4kw or below. Although this is still tax free and index linked, the tariff period will be reduced to 20 years.
Contact Redmile Energy now for a no-obligation free quotation, and beat this deadline by installing a solar PV system before the end of July, guaranteeing yourself a tax-free, 25 year index linked income, with a return in excess of 10% on your initial investment.