With the drop in the supply price of solar panels, the cost of installations, a LOT more sun (than England) and the much higher electricity prices now means that an economic investment can be made in Solar PV without the need for Feed-in-Tariff or Renewable Energy Obligation support . Of course that is at the industrial scale! – In just one province – Murcia in South East Spain – they plan to install 2.5GW of solar PV – that’s 10 times more than they did in the last two years alone.
Worcester Renewables Ltd
t:01386-871490 e:info@WorcesterRenewables.com
Category: For Business (page 1 of 5)
| Band (kW) | Prior to August 1st (Single Installation) |
Standard generation tariff (p/kWh) |
Multi-installation tariff (p/kWh) |
Lower tariff (if energy efficiency requirement not met) (p/kWh) |
Period of Tariff (Years) |
|---|---|---|---|---|---|
|
•4kW (new build)
|
21.0
|
16.0
|
14.4
|
7.1
|
20
|
|
•4kW (retrofit)
|
21.0
|
16.0
|
14.4
|
7.1
|
20
|
|
>4-10kW
|
16.8
|
14.5
|
13.05
|
7.1
|
20
|
|
>10-50kW
|
15.2
|
13.5
|
12.15
|
7.1
|
20
|
|
>50-100kW
|
12.9
|
11.5
|
10.35
|
7.1
|
20
|
|
>100-150kW
|
12.9
|
11.5
|
10.35
|
7.1
|
20
|
|
>150-250kW
|
12.9
|
11.0
|
9.9
|
7.1
|
20
|
|
>250kW-5MW
|
8.9
|
7.1
|
N/A
|
N/A
|
20
|
|
stand-alone
|
8.9
|
7.1
|
N/A
|
N/A
|
20
|
|
Export
|
3.2
|
4.5
|
4.5
|
4.5
|
20
|
So what does this mean to business and commercial installations?
It depends upon who you do business with.
Worcester Renewables buys direct from the manufacturers, and with 4 – 6 week lead times between purchase and delivery our prices are already determined for post 1st August, and whether your purchase before or after 1st August you will still see an ROI, index linked of 10% year on year. However if you can install before the 1st August you will benefit from those payments for 25 years, as opposed to a reduced 20 years.
We also have funding available for a number of sites, so if you believe that you have a property that may be suitable for the installation of Solar PV, then just fill in the form below and we’ll get straight back to you:
Energy Saving Trust FIT review fact sheet
Fact Sheet on the proposed changes to Solar PV Feed-in-Tariff rates
Last updated 26 October 2011
Introduction
The UK Government is proposing to reduce Feed-in Tariffs (FITs) for new solar photovoltaic (PV) installations as part of their comprehensive review consultation. See www.decc.gov.uk/fits
If you install solar PV and your FITs application is received by your FIT supplier (also known as FIT Licensee) on or after 8 December 2011, you could be affected by the proposals.
Please note that these proposals are currently under consultation and are therefore not final.
However, we recommend customers should use the figures in the consultation if they are planning to install after 8 December 2011.
Only PV systems are covered by the UK Government’s current FITs consultation. Other FIT-eligible technologies will be considered as part of the second phase of the comprehensive review due to be published shortly.
Summary of proposals
The UK Government proposals which affect householders most are:
- A reduced rate of 21p/kWh for solar PV installations <4kW – tariffs will be introduced from 1 April 2012 and will affect all installations with an eligibility date on or after 8 December 2011. See definition of eligibility date below. This tariff rate is designed to provide householders with a rate of return of around 4%.
- New domestic energy efficiency requirements – from 1 April 2012, domestic installations must be accompanied by an Energy Performance Certificate (EPC) with a level C or above/which has completed all „Green Deal. measures. Where a domestic property does not meet these energy efficiency requirements, the Solar PV installation may receive a lower tariff.
The table below compares typical income and savings made for an average sized solar PV system in the UK along with simple payback period (cost divided by combined income and savings)
| FIT Rates | Total annual earnings and savings with a 2.9kW system | Simple payback (years) |
| Current 43.3p/kWh | £1,190 | 10 |
| Proposed 21p/kWh | £ 640 | 18 |
- 2.9kWp system, install cost of £11,500
- Total earnings and savings include income from the generation tariff, export tariff on 50% of total generation and up to 25% of generation used on site.
- Simple payback will depend on capital cost so the simple payback periods may vary depending on quotes received. Cost of solar PV has come down significantly over the years so we would expect the simple payback period to come down gradually.
- Annual generation has been calculated as 853kWh/kWp using the Energy Saving Trust Solar Energy Calculator (see below) using the postcode SW1A 0AA (Westminster Palace)
To find out more about how this will be implemented, please download the full fact sheet:
Don’t delay – contact us for a quote NOW
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