Fit Rates 2017

Exiled_Tyke

https://www.ofgem.gov.uk/publications-and-updates/feed-tariff-fit-tariff-table-1-april-2017

For those not familiar with the spreadsheet, it's a little confusing.

Download the spreadsheet. The export tariff (which for almost all of use we will be dividing by two for deemed export) is on the second tab. Then find the tab that corresponds to the year of installation (since the scheme began). On that tab for most of us I guess, you find PV, higher rate and the corresponding period/window for the installation. That gives you the current FIT rate

OR simply take your current FIT and Export and multiply by 1.025 to get next year's !!!! (unless installed this year of course)

YesIwillBuyTheBoat

Hi there,

I must admit I am nowhere near your level of knowledge but you mention Fit in your posting, I'm hoping that means you can help me out.

Bank rate or isa bare very little fruit ( no inventive for the nation to save but that's another discussion) So I'm looking into government bonds. There is a scheme advertised (with Fit in the name) where individuals may invest at a start of £2.5k. They mention a return in the 10% bracket, as opposed to higher gain for much larger and longer term versions I've seen for syndicates and groups.

So what are the pitfalls? There must be some downsides and I'd also love to know how or who to check out the potential route in unless I can go directly to government itself with my meagre few thousand?

Any help you can provide would be amazing

Many Thanks

Cardew

YesIwillBuyTheBoat wrote: »

Hi there,

I must admit I am nowhere near your level of knowledge but you mention Fit in your posting, I'm hoping that means you can help me out.

Bank rate or isa bare very little fruit ( no inventive for the nation to save but that's another discussion) So I'm looking into government bonds. There is a scheme advertised (with Fit in the name) where individuals may invest at a start of £2.5k. They mention a return in the 10% bracket, as opposed to higher gain for much larger and longer term versions I've seen for syndicates and groups.

So what are the pitfalls? There must be some downsides and I'd also love to know how or who to check out the potential route in unless I can go directly to government itself with my meagre few thousand?

Any help you can provide would be amazing

Many Thanks

Welcome to the forum.

I think you may be in the wrong area. FIT in the context of this thread means 'Feed in Tariff'. This is a subsidy paid for(mainly) solar PV panels(producing electricity) installed on the roof of a building.

On the wider issue, nothing these days produces a 10% return without a huge risk to your investment.

ASavvyBuyer

FIT & Export Rates; slight increase from today :j

old_grouser

ASavvyBuyer wrote: »

FIT & Export Rates; slight increase from today :j

I don't think 2.5% is a bad rate of increase in the present climate. Overall my Return on Capital Employed in solar is 13.6%pa. Mustn't grumble, then!

jimjames

YesIwillBuyTheBoat wrote: »

So what are the pitfalls? There must be some downsides and I'd also love to know how or who to check out the potential route in unless I can go directly to government itself with my meagre few thousand?

Any help you can provide would be amazing

Many Thanks

The place to post the details would be here

http://forums.moneysavingexpert.com/forumdisplay.php?f=17

You'll get some informative replies if you post details of what exactly is being offered but for 10% return your capital will be at risk so why not just invest via a S&S ISA instead

ASavvyBuyer

old_grouser wrote: »

I don't think 2.5% is a bad rate of increase in the present climate. Overall my Return on Capital Employed in solar is 13.6%pa. Mustn't grumble, then!

I agree, it is a reasonable increase this time. Also, return+savings on Capital Investment in Solar & Heat Pump is working out to be about 10% a year.

[Deleted User]

ASavvyBuyer wrote: »

I agree, it is a reasonable increase this time. Also, return+savings on Capital Investment in Solar & Heat Pump is working out to be about 10% a year.

I agree but sort of annoyed that the RHI took about two years start after install at a reduced rate and now we are planning to move house so will never see a chunk of the grant

[Deleted User]

Cardew wrote: »

The bottom line is that UK electricity customers will be paying you and others ever increasingly obscene amounts for the next 17 years.

It's obscene the that the FIT is paid over 25 years!


Should have been a higher rate over a shorter period of time e.g. 10 years.


Thank god the system has nearly paid for itself as a house move is on the cards.

silverwhistle

jeepjunkie wrote: »

Thank god the system has nearly paid for itself as a house move is on the cards.

Why should the FIT system revolve around the timing of your house moves? Presumably the house sale price reflected the additional investment you had made?