FITS (Feed-In-Tariff) Clarity

The recent announcement from DECC provides some clarity about the way forward for the FIT scheme. There are some key points to note and I summarise those:
• The PV FIT starting rate for under 4kWp systems from April 1st 2012 will be 21p per kWh, subject to an inflation linked rise.
• Residential PV installs from April 1st must be to properties with an existing or new Energy Performance Certificate (EPC) grade D. An initial 12 month grace to achieve this level will be granted but it is a condition to qualify for the full FIT rate. Worth noting: there are about 8000 Domestic Energy Assessors in the UK typically providing these for a fee of around £60.00 - £100.00. Ball Contractors can arrange for an EPC to be carried out at your home.
• July 1st will see a further tariff reduction to between 16.5p and 13.9p per kWh. DECC will determine the actual rate on the level & capacity of PV installations deployed in March & April and will announce the rate giving 2 months’ notice. DECC’s intention has been for domestic PV installations to return around 4.5% on investment.
• The Government have reaffirmed their commitment to the Green Deal launch in October 2012, we expect further details as they take shape.