1/2/10 - Today's Government announcement confirms a much anticipated increase in UK Feed-In Tariff for PV installations, raising it from the consultation level of 36.5p to a confirmed 41.3p for photovoltaic systems of 4kWp and under; 36.1p for new build and systems up to 10kWp (up from 31p) and 31.4p for 10 - 100Kwp (up from 28p).  The FIT will be guaranteed for 25 years, linked to inflation and tax free for home owners.

This announcement decreases payback times for PV installations and a return of 10% rather than 8%.  A typical 2.52kWp system could now earn £900 on top of the £140 reduction on energy bills. "This is good news for the customer as the FIT enables PV owners to generate an income from their panels, reducing their electricity bills and cutting their carbon emissions.  We expect to see a dramatic increase in the number of installations, particularly amongst businesses who have previously received no incentive to go solar." confirms Claire Davies, Marketing Director, The Green Electrician.

Ofgem will administer the Feed-in Tariff and suppliers will be responsible for paying the reward to their customers.  For the latest information from the Department of Energy and Climate Change click here.. Tariff Announcement.