Solar FIT rates 2019

ajbell

Do we know what the increase will be in April?.

ASavvyBuyer

Based on the latest RPI it should be about a 3.2% increase.

pinnks

Looks like the RPI for December will be published tomorrow 16 Jan. https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/czbh/mm23

jimjames

RPI was 2.7% so FIT will be just over 54p

https://uk-solarpanels.blogspot.com/2019/01/fit-rates-april-2019-onwards.html

pinnks

Why is it that inflation always drops just for the month that matters :rotfl::rotfl:

gefnew

So that will make it 56.08 pence for each kw produced.
not bad then.
regards.

Crowmann

The reason why the FIT has been scrapped is exactly due to the FIT being 56p.

Had it been set more reasonably and dare I suggest sustainably then it would be still here today.

Bang on about getting 56p too often and do not look surprised if the govt decide to change the rules. Think they wont? Ask a student with a loan.

silverwhistle

But you're ignoring once again that very few people get that top, initial rate. In fact many of us would need to go and look at the tables to see what we will be getting.


Having said that, you are only saying what the solar industry said at the time, when it was suspected that it was set so high that the technology would look expensive. Now, of course, policy has gone the other way, having set up the situation, of expecting new customers to donate their export element for nothing. Kill off the industry for domestic installs, job done.


I'm not sure if it's because they'd prefer nuclear, which is somewhat ironic considering recent news.

pinnks

For what it's worth, I get an about 16.5p averaged across my two systems for an outlay of just over £10,000. Whether or not that is reasonable when viewed through today's lens is moot but at the time it was at a level with made the investment doable for me.

In terms of FiT alone I have thus far recouped just over 40% in 5 1/2 years. On that basis the FiT will cover the installation cost in just under 14 years.

OK you get the leccy savings too and you become more energy savvy but even when you add that plus my 2 immerSUNs which divert to water, UFH and oil-filled radiators, I am at about 55%, so still a 10-year payback period in reality. Interesting compared to the claims made by installers whenever it was each of us got our systems installed...

gefnew

Hi
fit has been revised due to a short sighted government.
That is hell bent on a strategy of not supporting any re equally.
And not fully understanding the full potential of joined up government.
But as an early adopter of pv the fit rate was the game changer for an green and ethical investment, look at it as annuity with green side effects.
Would all of the people who installed solar early taken the plunge without it.(doubt it)
But what is done is done
If inflation keeps at the present rate then at the end of the 25 year term early solar adopters will be nearing 100p a kw just for taking a risk.
regards