Solar Cuts Do Not Affect Plug In Solar
The Department of Energy and Climate Change (DECC) is proposing to cut the feed-in tariff rates for solar PV installations by as much as 87%.
Publishing the outcome of the long-awaited feed-in tariff review, the government is proposing deep cuts to all bands from 1 January 2016.
However, despite the review, Plug In Solar offers a great solution, without the need for the Feed In Tariff. You can still achieve great returns by installing your own solar panels and reaping the rewards of free energy saving and reduced energy bills.
With Plug In Solar you DO NOT need any government incentives or subsidies, the low cost of purchase and ease of installation makes it simple to get your own solar power.
See just how much you could save, by clicking here: Plug In Solar Savings
You could also power this many appliances every year: Plug In Solar Appliance Usage Savings
Below are the proposed generation tariffs for 1 January 2016:
| Capacity | Feed-in tariff rate (p/kWh) |
| 0-10kW | 1.63 |
| 10-50kW | 3.69 |
| 50-250kW | 2.64 |
| 250-1000kW | 2.28 |
| >1MW | 1.03 |
| Stand alone | 1.03 |
In addition to the swingeing cuts to the tariff rate, DECC is also looking to enforce default degression each quarter which would see FiT support for some scales of solar end on 1 January 2019. DECC will still implement a contingent degression mechanism that could degress tariff rates by a further 10% depending on deployment.
DECC is also proposing to change the indexation of the feed-in tariff scheme, moving it away from retail price index (RPI) to consumer price index (CPI). The department argues that CPI is a more appropriate way of compensating investors for inflation.
The government has also noted a number of concerns about the structure of the export tariff under the FiT, most notably the gap between the export tariff and market prices for FiT installations. DECC has outlined a number of proposed changes such as removing the export tariff for >50kW projects, lowering the export tariff and annually reviewing the export tariff. However, it does not intend to make any changes to the export tariff yet and is seeking feedback on its proposals first.
Source: Solar Power Portal
