The Government’s feed-in tariff (FIT) came into effect in April 2010. This cashback scheme will pay a premium rate for electricity generated from renewable sources such as solar PV – fixed for up to 25 years.
Feed-in tariff payments for domestic properties will be exempt from income tax. Owners will also benefit from savings on their electricity bill as a result of the electricity they no longer need to buy.
The tariff rates that apply to Solar PV Systems installed between 15 July 2009 and 31 March 2012
☀ Solar PV<4kW (retrofit) 43.3p
☀ Solar PV<4kW (new build)36.1p
☀ Solar PV 4-10kW 36.1p
☀ Solar PV 10–100kW 31.4p
☀ Solar PV 100kW–5MW 29.3p
☀ Solar PV Stand-alone system 29.3p
☀ Solar PV Export rate 3p
Please note that these tariffs benefits will reduce on installations made from 1st April 2012. The export rate will remain constant.