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.

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, the begining of2019 is set to be a very busy time for the solar industry.

 

Changes to the Feed in Tariff March 2019

 

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