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Some clarity on the rate of FIT’s payments for ‘New’ customers

The Department of Energy and Climate Change (DECC) have now confirmed the standard FIT tariff for new retrofitted PV systems of less than 4Kwp in size, will be 21p per kwh. This tariff will apply to all installations between 01 April and 01 July 2012 after which there is expected to be a significant reduction, possibly as low as 13p. The 21p tariff should generate significant demand in the months up to July as many domestic customers will still be able to achieve tax free returns of 10% or greater based on current market conditions.

From 01 April all domestic properties will require an Energy Performance Certificate (EPC) of level D, or better, to be eligible for the full 21p tariff and Redmile Energy can advise and arrange this for their customers, but any customers wishing to avoid this process should install before the end of March 2012.

Please see the Energy Saving Trust Website for more information on the Feed In Tariff changes.

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