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FiT increase

 
Solar Photovoltaic (PV)
Last Post by JulianC 2 years ago
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 batalto
(@batalto)
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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


   
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JulianC
 JulianC
(@julianc)
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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


   
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Mars
 Mars
(@editor)
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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

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Mars
 Mars
(@editor)
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04/04/2023 10:31 pm  

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

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 Derek M
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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.

 


   
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 iancalderbank
(@iancalderbank)
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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


   
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 ronin92
(@ronin92)
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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.

 


   
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 Derek M
(@derek-m)
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Joined: 4 years ago
Posts: 4428
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.

 


   
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JulianC
 JulianC
(@julianc)
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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


   
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JulianC
 JulianC
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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


   
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