Latest on Feed In Tariffs - the British Groundhog
Author: David Thomas
Published: Friday, 03 February 2012
Take a look at this excerpt from a Financial Times article, all about how even the lower FITs rate is a good option:
“Homeowners who install panels will still be better off – regardless of whether they receive the FIT or not. Homes with green energy systems are expected to see a reduction in their energy bills of around £90 a year. If gas and electricity prices continue to rise, as they are predicted to do, this saving will increase…”
(According to The Energy Saving Trust, the lower FIT tariff is designed to give a return rate of around 4.5%)
Feed In Tariffs - The British Groundhog
Those following all these FITs upates must feel like it’s Groundhog Day. (And actually, it is! February is the month when the American groundhog begins its snuffling...)
Appeal... Re-appeal... There has been another development, which you can read about below.
Using FITs to enforce Energy Efficiency Standards
The government are proposing a new law that would mean you are only eligible to claim your FITs when your home meets energy efficiency standards. You may have installed solar panels and been accepted onto the FITs scheme, but your home still needs to meet those standards before you start earning with the tariff.
Under these proposals a solar panel owner on the FITs scheme could receive 9p/kWh, which is 79% less than the higher rate of 43.3p/kWh.
The Energy Saving Trust – a social enterprise that is not a part of the government – have explained that,
“Where a domestic property does not meet these energy efficiency requirements, the solar PV installation may receive the lower tariff of 9p/kWh…
The government is consulting on two alternative proposals: that the owner or occupier should bring the property up to an Energy Performance Certificate (EPC) rating of level C or above; or that the owner or occupier of a building should undertake all the measures that are identified on an EPC as potentially eligible for Green Deal finance, with no additional finance required.”
The government’s Department of Energy and Climate Change (DECC) are set to publish their final proposals by Thursday February 9th. We'll be reporting on any announcements as they happen.