FiT increase
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.
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
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 |
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@julianc, 68p/kWh! You’ll be rolling in cash.
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Posted by: @editorIs 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.
@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.
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210m2 house, Samsung 16kw Gen6 ASHP Self installed: Single circulation loop , PWM modulating pump.
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11.9kWp of PV
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Posted by: @ronin92Posted 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.
@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
@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
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