On the 1st April 2014, the solar PV tariff is reducing to 14.38p /kWh from 14.90p /kWh.
For a typical 4 kW system (16 panels), this would decrease the yearly return by about £20. Doesn’t sound like much, but when you examine what you receive from the feed-in-tariff generation for the next 20 years, that works out at £400!
Keep in mind that the feed-in-tariff payment is split into two parts: The first is the generation tariff, this pays you for every kWh of electricity you generate. It does not matter whether this is used in the home or sold back to the grid – this is the sector of the feed-in-tariff that is being reduced.
The second part of the feed-in-tariff is recognized as the export tariff, this pays you for every unit of electricity you sell back to the electrical grid. From the 1st April 2014, the export tariff will be 4.77p / kWh.
With the generation tariff reducing in exactly 26 days, you need to act fast to make sure you receive the higher solar PV feed-in-tariff, which will be guaranteed for the next 20 years!
Here is a link to the new feed-in tariff, effective from 1st April 2014 – 31st March 2015.
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