Forums

Forums
Sustainable Sidetra...
Solar Photovoltaic ...
FiT increase
 
Notifications
Clear all

FiT increase

 
Solar Photovoltaic (PV)
Last Post by JulianC 2 years ago
10 Posts
6 Users
3 Reactions
1,291 Views
RSS
 batalto
(@batalto)
Famed Member Member
Joined: 4 years ago
Posts: 1091
Topic starter 03/04/2023 11:11 am  

For anyone with PV - I just checked this morning and the FiT has risen by 13% this year (with RPI). So expect your payments to rise. The export tariff has also risen, but there are two different rates. 4.82p/kw for those from April 2010 to July 2012 and 6.79p/kw for those after August 2012.

it means my blended payment under the FiT/Export scheme is now 8.2p/kw generated - 4.76p/kw for 100% of my generation and 6.79p/kw x 50% of my generated power. I'm expecting just over £700 this year for having my panels on the house.

12kW Midea ASHP - 8.4kw solar - 29kWh batteries
262m2 house in Hampshire
Current weather compensation: 47@-2 and 31@17
My current performance can be found - HERE
Heat pump calculator spreadsheet - HERE


   
👍
1
Quote
JulianC
 JulianC
(@julianc)
Noble Member Member
Joined: 4 years ago
Posts: 319
04/04/2023 10:18 pm  

Wow!  My FiT goes up to 68p/kWh

Daikin Altherma 3H HT 12kWh ASHP with Mixergy h/w cylinder; 4kW solar PV with Solic 200 electric diverter; Honda e and new Hyundai Ioniq 5 N electric vehicles with Myenergi Zappi mk1 charger


   
ReplyQuote
Mars
 Mars
(@editor)
Illustrious Member Admin
Joined: 4 years ago
Posts: 3161
04/04/2023 10:25 pm  

Is everyone’s FiT the same? According to OVO, our FiT rate is: 

Generation and Export rates
Generation rate for this period 4.21 p/kWh
Export rate for this period 5.99 p/kWh

Buy Bodge Buster – Homeowner Air Source Heat Pump Installation Guide: https://amzn.to/3NVndlU
From Zero to Heat Pump Hero: https://amzn.to/4bWkPFb

Subscribe and follow our Homeowners’ Q&A heat pump podcast


   
ReplyQuote



Mars
 Mars
(@editor)
Illustrious Member Admin
Joined: 4 years ago
Posts: 3161
04/04/2023 10:31 pm  

@julianc, 68p/kWh! You’ll be rolling in cash.

Buy Bodge Buster – Homeowner Air Source Heat Pump Installation Guide: https://amzn.to/3NVndlU
From Zero to Heat Pump Hero: https://amzn.to/4bWkPFb

Subscribe and follow our Homeowners’ Q&A heat pump podcast


   
👍
1
ReplyQuote
 Derek M
(@derek-m)
Illustrious Member Member
Joined: 4 years ago
Posts: 4429
04/04/2023 11:47 pm  

Posted by: @editor
↑

Is everyone’s FiT the same? According to OVO, our FiT rate is: 

Generation and Export rates
Generation rate for this period 4.21 p/kWh
Export rate for this period 5.99 p/kWh

The FIT rate is not the same for everyone. The rate has been dropped over the years since it was first made available. I not certain if it is still available, but I seem to remember there was a website that gave details of the rates and the date when they were changed.

 


   
ReplyQuote
 iancalderbank
(@iancalderbank)
Noble Member Contributor
Joined: 3 years ago
Posts: 643
05/04/2023 3:19 pm  

@derek-m https://www.ofgem.gov.uk/publications/feed-tariff-fit-tariff-table-1-april-2023

as well as varying by date of install (earlier = more) there are also variations by system size. 0-4, 4-10, 10-50 and up from there. there were periods when larger paid less (per unit) and periods when it paid more.

My octopus signup link https://share.octopus.energy/ebony-deer-230
210m2 house, Samsung 16kw Gen6 ASHP Self installed: Single circulation loop , PWM modulating pump.
My public ASHP stats: https://heatpumpmonitor.org/system/view?id=45
11.9kWp of PV
41kWh of Battery storage (3x Powerwall 2)
2x BEVs


   
ReplyQuote
 ronin92
(@ronin92)
Estimable Member Member
Joined: 3 years ago
Posts: 64
05/04/2023 5:56 pm  

Posted by: @editor
↑

@julianc, 68p/kWh! You’ll be rolling in cash.

But systems were quite a bit more expensive then too.

 


   
ReplyQuote
 Derek M
(@derek-m)
Illustrious Member Member
Joined: 4 years ago
Posts: 4429
05/04/2023 6:05 pm  

Posted by: @ronin92
↑

Posted by: @editor
↑

@julianc, 68p/kWh! You’ll be rolling in cash.

But systems were quite a bit more expensive then too.

 

It was due to the 'cowboy' and 'bandwaggon' effect.

As soon as Government grants or subsidies were announced, the cowboys came riding over the hill, jump on the bandwaggon, and the prices went up.

 


   
ReplyQuote
JulianC
 JulianC
(@julianc)
Noble Member Member
Joined: 4 years ago
Posts: 319
06/04/2023 10:52 pm  

@ronin92 I paid £10,250 for a 4kW system. 16 Hyundai panels and an SMA Sunnyboy 4000 TL-20 inverter with 10 year warranty. 
Was ok for the time & paid back in 4.5 years. I’ve had one connection short out that cost me £150 for my electrician to diagnose and replace. Best investment ever

Daikin Altherma 3H HT 12kWh ASHP with Mixergy h/w cylinder; 4kW solar PV with Solic 200 electric diverter; Honda e and new Hyundai Ioniq 5 N electric vehicles with Myenergi Zappi mk1 charger


   
👍
1
ReplyQuote



JulianC
 JulianC
(@julianc)
Noble Member Member
Joined: 4 years ago
Posts: 319
06/04/2023 10:54 pm  

@derek-m there was a bit of that. The market exploded rapidly. My fitters were cowboys but it was a really complex system. Just the estimation process. We are a perfect south facing, no shade, 44 degree room. No brainer really

Daikin Altherma 3H HT 12kWh ASHP with Mixergy h/w cylinder; 4kW solar PV with Solic 200 electric diverter; Honda e and new Hyundai Ioniq 5 N electric vehicles with Myenergi Zappi mk1 charger


   
ReplyQuote
Forum Jump:
  Previous Topic
Next Topic  



Share:

Join Us!

Trusted Installers

Struggling to find a reliable heat pump installer? A poor installation can lead to inefficiencies and high running costs. We now connect homeowners with top-rated installers who deliver quality work and excellent service.

✅ Verified, trusted & experienced installers
✅ Nationwide coverage expanding
✅ Special offers available

👉 Find your installer now!

Latest Posts

x Powerful Protection for WordPress, from Shield Security
This Site Is Protected By
Shield Security →