The UK feed-in tariff (FiT) for solar installations has been adjusted to account for updated inflation figures. The new tariff will come into effect on April 1 and be valid until March 31, 2012.
The new figures for installations up to 5MW are detailed below:
|Scale||Previous feed-in tariff (pence/kWh)||Updated feed-in tariff (pence/kWh)|
|≤4 kW new||36.1||37.8|
|≤4 kW retrofit||41.3||43.3|
|>10 – 100kW||31.4||32.9|
|>100kW – 5MW||29.3||30.7|
The feed-in tariff (FiT) scheme first went live on April 1, 2010. The UK Department of Energy and Climate Change (DECC) hoped the scheme would encourage the use of additional low-carbon electricity generation, particularly by organisations, businesses, communities and individuals not traditionally engaged in the electricity market.
No further details have been announced on how the tariff rates will be effected by the recently announced FiT review.