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GOOD NEWS: Feed in Tariff is Huge Success!
Between April 1st 2010 and June 17th 2011 some 42,143 installations have been registered for the Feed in Tariff scheme. The payments are so attractive, especially up to 50kW that they really are making a difference.
CLICK HERE for full story from OFGEM, including regional and technology breakdowns.
CASHBACK CALCULATOR - WORK OUT WHAT YOU CAN EARN FROM FIT
Feed In Tariff - FIT
The Green Energy Cashback for PV systems is called the Feed in Tariff (FIT) which pays 43.3p per kilowatt hour of electricty generated, plus an extra 3.1p per kilowatt hours for electricty exported to the grid. This was introduced in April 2010 and all payments run for 25 years, are tax free and index linked.
A great web site for details of FIT can be accessed by clicking HERE.
Renewable Heat Incentive - RHI
The proposed Green Energy Cashback for solar thermal systems is the Renewable Heat Incentive (RHI) and is set to be 8.5p per kilowatt hour of solar thermal energy generated for commercial and public buildings. This is set to come in from July 2011 and all payments run for 20 years, are tax free and index linked.
In addition domestic systems are to be paid a Premium Payment (basically a grant) as follows:
- Solar Thermal - £300/unit
- Air Source Heat Pumps - £850/unit
- Biomass boilers - £950/unit
- Ground Source Heat Pumps - £1,250/unit.
These are one off payments so are not annual. DECC plan to publish details of the “RHI Premium Payment” and how this will apply in May this year though recipients of this payment will need to ensure that:
- They have a well-insulated home based on its energy performance certificate.
- They agree to give feedback on how the equipment performs.
People in receipt of the Renewable Heat Premium Payments will be able to receive long term RHI tariff support once these tariffs are introduced, as will anybody who has installed an eligible technology since 15th July 2009.
These tariff payments will start alongside the Green Deal from October 2012 to allow a more whole-house approach to heat production and energy saving.
A great web site for details of RHI can be accessed by clicking HERE.
In either case to receive these payments the installation must be by an MCS approved installer, which of course 1 World Solar have achieved with ELECSA.
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