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Understanding of Solar Feed-in tarriff payment
iwilldoitthistime
Posts: 520 Forumite
in Energy
Hi
My mother has solar panels and has received a letter giving her the feed-in tarriff payment. We are struggling to understand it, so could anyone explain it please?
It says -
Total kWh generated 1576
total kWH deemed exported 788
total generation payment £330.96
total export payment £25.22
vat 0
she get 21p for the units generated, and 3.2p units demed exported price.
This is the first payment she has received since she had the panels installed. She has continued to pay a direct debit of £50 per month for electrincity during this time.
Can someone please explain - should her DD reduce the next time it is reviewed? do the figures mean that she has used 788 units of the electrincity she has generated?
thanks for any help you can give explaining this to me:A:A
My mother has solar panels and has received a letter giving her the feed-in tarriff payment. We are struggling to understand it, so could anyone explain it please?
It says -
Total kWh generated 1576
total kWH deemed exported 788
total generation payment £330.96
total export payment £25.22
vat 0
she get 21p for the units generated, and 3.2p units demed exported price.
This is the first payment she has received since she had the panels installed. She has continued to pay a direct debit of £50 per month for electrincity during this time.
Can someone please explain - should her DD reduce the next time it is reviewed? do the figures mean that she has used 788 units of the electrincity she has generated?
thanks for any help you can give explaining this to me:A:A
Sealed Pot no 2011
0
Comments
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Basically without getting complicated her solar PV has nothing whatsoever to do with her 'normal' electricity bill.
Her direct debit will remain the same, unless of course she uses less electricity.
HTH0 -
Her energy "bill" is entirely seperate from her solar panel finances so there is no direct correlation between the two.
She gets 21p for the units generated and also money for the deemed export - which is "deemed" to be 50% of the generated units.
Her electricity bill will be based on what she "buys in from the grid" which will probably be less than before as her panels will provide some of her electricity, but for example for lighting and on dull days she will still be buying in electricity as well as for high power appliances which are beyond the power capacity of the panels. Over time this will settle to a lower DD amount but its not possible to correlate this to half of the generated amount as that is purely an estimate (its designed to stop everyone with panels having to pay to have a 3rd meter - she will have a generation meter which shows how much in total she has generated, and an import meter which shows what she has used from external sources but not one which shows how much of her electricity she has exported)Adventure before Dementia!0 -
thanks for the explanations. I assumed that her DD would be reduced the next time her electricity provider recalculates (I think this is every 12 months) as her usage through the day (she is in the house for most of the day) would be coming from the panels rather than the grid, so she must be using less.
the amount she has got back correlated roughly with the payback time I have seen mentioned on this site - 11 years.
thanks again!Sealed Pot no 20110 -
It is not easy to use lots of solar PV generated electricity in the house. A saving of £100 pa would be good.0
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You don't actually say if her import supplier is the same company that she is registered with for the feed-in tariff. It doesn't have to be. Neither of the suppliers I have used for this credit the feed-in payments to your import account-it's alwasy been paid either by cheque or by bank transfer, as a separate process.No free lunch, and no free laptop0
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