Changes to the Feed in Tariff March 2019

Changes to the Feed in Tariff March 2019

The Feed in Tariff will end in March 2019 for new installations, systems registered before that date will still be eligible for the payments for 20 years.

The FIT has achieved the Government aim of reducing the overall implementation costs for solar PV panels - installing a solar PV system today is approximately half the cost of what it was in 2010 when the incentive was introduced.

Solar PV technology has advanced and matured beyond the need for subsidisation. Homeowners and businesses are now aware of the financial benefits sought without the added bonus of export payments.

The key message is that solar technology is now independent and the energy savings alone are strong enough to provide very healthy financial returns, however, there is a last chance to take advantage of a free subsidy to boost your returns while it remains on offer.

As a result of the FIT closure, 2018 is set to be a very busy year for the solar industry. It is highly recommended that anyone considering a solar PV installation with the FIT, to fast track their decision and act quickly in order to avoid any registration issues that may arise in the final quarter of the year

Changes to the Feed in Tariff March 2019

Those currently considering solar PV should therefore look at fast-tracking their decision to install and take advantage of the remaining FiT subsidy before the deadline; particularly as larger commercial PV projects can take several months to design, procure and obtain the necessary permissions.

The success of the scheme has exceeded all expectation, driven in early years by generous subsidies and later by rapidly falling technology costs leading to unprecedented deployment. In total, the FiT has delivered around 6GW of clean energy capacity over 800,000 installations.

 

Solar PV

 

 

 

 

 

 

Feed in tariff