Solar energy - Feed-in Tariff payment delays - your experiences?

KevinG

orrery wrote: »

.. or 50.56p with deemed export? i.e. generation + export/2

Yes, but the question referred to 48.07p, so was not including the export part.

nobby1963

Hi All,

Just to say that my latest ( & highest £'s = £740 ) quarterly FIT payment was submitted via email on 1st June and paid via BACS on 8th June by EDF.

Not their fastest but can't grumble.

Cheers ....Nobby.

P.S. Not too sure how many are using this thread now ....?

orrery

nobby1963 wrote: »

Not their fastest but can't grumble.

Indeed. mine was submitted on 15th and the BACS advice received this morning. Mine is also a record - £701 for 2.5 months - I vary the submission date (End March, mid June, early September, mid December) in order to try to balance the payments a little.

nobby1963

Hi orrery,

I have pondered at times if I should change my submission dates, especially in the earlier days when EDF were a lot less speedy in paying. There were different views on if they paid faster if you submitted at the end of the month etc.
I once thought that I could do with a little boost in money and should I extend that quarter but in the end we have always stuck as best we could to submitting as soon as the request email comes - normally for us around the first of Jan,March,June & September.
At this rate we will have paid off our initial install cost of £11000 in 6 years 'ish ! Very worth while investment.
Nobby.

michaels

orrery wrote: »

Indeed. mine was submitted on 15th and the BACS advice received this morning. Mine is also a record - £701 for 2.5 months - I vary the submission date (End March, mid June, early September, mid December) in order to try to balance the payments a little.

Just had my system fitted, is there anything stopping me not putting a FIT claim in until the end of March 2016 so the payment for the whole period comes in the following tax year?

hollie.weimeraner

michaels wrote: »

Just had my system fitted, is there anything stopping me not putting a FIT claim in until the end of March 2016 so the payment for the whole period comes in the following tax year?

Can't see the point in delaying this as for private individuals there is a special exemption for householders first announced in the pre-budget report 2009.

Under this exemption the tariffs received for energy produced under the FITs (both the generation and the export tariff) are exempt from income tax provided that the households use renewable technology to generate electricity mainly for their own use

EricMears

hollie.weimeraner wrote: »

Can't see the point in delaying this as for private individuals there is a special exemption for householders first announced in the pre-budget report 2009.

Under this exemption the tariffs received for energy produced under the FITs (both the generation and the export tariff) are exempt from income tax provided that the households use renewable technology to generate electricity mainly for their own use

Interesting caveat ! Is that a quote from a government document or just an attempt to simplify position ?

It could be taken to mean that those of us (a majority I suspect) who don't manage to use more than half their own generation (and are hence already being swindled under the deemed 50% export rules) might be liable to income tax.

pete-20-11

I wish British Gas would allow payment by BACS. They send cheques meaning I have to travel to a bank on a day off and queue up (their cheques don't seem to work in the automated deposit machines)

zeupater

EricMears wrote: »

Interesting caveat ! Is that a quote from a government document or just an attempt to simplify position ?

It could be taken to mean that those of us (a majority I suspect) who don't manage to use more than half their own generation (and are hence already being swindled under the deemed 50% export rules) might be liable to income tax.

Hi Eric

Digging into the detail/context, it's obviously there to discourage a domestic install with attached office, shop - or more likely - farm out buildings (you know what farmers are like ... well I do ) etc ... having a large domestic array, using a little of the generation for domestic purposes and the majority for commercial/agricultural in order to benefit from the tax-free status ....

Actually, thinking about it, there was someone posting on these threads some years back (from Devon?) claiming that their payback period was really short due to using nearly all of their (her?) electricity in house - it turned out that the majority was being used to power the freezers/coolers and lights in the shop downstairs .... ... :shhh::silenced: ...

HTH
Z

Martyn1981

EricMears wrote: »

Interesting caveat ! Is that a quote from a government document or just an attempt to simplify position ?

It could be taken to mean that those of us (a majority I suspect) who don't manage to use more than half their own generation (and are hence already being swindled under the deemed 50% export rules) might be liable to income tax.

Please don't ask me to find this, as I must have read it 4 or more years ago, but there is a line, somewhere, possibly government advice, that the income (FiT and export) on a PV system is tax free so long as .....

and the definition was generation upto 120% of household demand.

I remember the figure, as I was never sure who's demand that would be. Doesn't seem fair to penalise a low consumer, so possibly based on a UK average, but they also seem to vary a bit from around 3,500kWh to 4,000kWh. So perhaps generation up to 4,200 or 4,800 or something else entirely.

Apologies for getting even vaguer on an already very vague post, but I'm pretty sure this hasn't popped back up for years, and may never have been properly explained/clarified in the beginning, but I do genuinely recall the figure of 120% ........ honest!

Edit: Just a thought, but maybe it hasn't been mentioned for a long time as the FiT rate dropped so much in 2012 (down to 21p, then 16p) that the potential tax issue on the falling subsidy side became less important.

Mart.