Solar PV Feed in Tariff (FIT) generation rates from 1st Feb 2016
The solar PV Feed in Tariff rates below apply to eligible solar PV systems with an EPC rating of grade ‘D’ or higher.
|Solar PV system size||<4KWp||4kWp – 10KWp||>10kWp<50Kwp|
|Tariff rates||4.39 per KWh||per 4.39KWh||4.59p per KWh|
|Tariff lifetime||20 years||20 years||20 years|
The solar PV export tariff
Buy price per additional KWh is currently set at 4.64p (guaranteed for 20 years and index linked to the Retail Price Index).
System cost and payback period
All costs are approximate estimates and assume south facing roofs at 35 degree pitch with no shading at 850KWh per KWp installed (an average system output for UK solar PV systems). The prices includes AC connection but are exclusive of any remedial AC works that may be required and scaffolding costs.
|Current Estimated annual return and saving for a 4KWp system installed in Penrith, Cumbria.|
|Estimated installation cost (Ex Scaffold)||£5500|
|PV annual generation @850 KWh per KWp||3400 KWh|
|PV Annual FITS earning @ 4.39p per unit||£149|
|PV saving ( 50% of total production @16p/unit)||£272|
|Export (50% of total production @ 4.64p/unit)||£81|
|Total annual production & Saving||£502|
|Approx payback period||11 Years|
|Annual return on investment||11%|
|Solar PV area||26m²|