41.3p Feed-in Tariff
Today Ed Miliband from the DECC said the Feed-in Tariff for domestic customers, with retrofit pv solar panels, with systems up to 4 kWp, would be at 41.3 p from April 2010. This means householders will be paid 41.3 p for every unit of solar electricity they generate. Tariffs will be inflated annually and the tariff life time is 25 years. And the income is tax free too!
A typical 2.5 kWp well-sited solar pv installation, on an average 3-bedroomed house, could offer homeowners a reward of £900 and save them £140 per annum on their electricity bill, from April 2010. There are still grants available to help pay for the installation costs of PV panels – in Scotland grants are up to £4000 and in the rest of the UK up to £2500, per property – but you need to get your installation booked before 31 March to take advantage of these.
There’s bound to be a rush for installations with this generous Feed-in Tariff, so hurry and get your installation booked now.
