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The future of
energy is in your hands, see exactly why to invest below... |
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One of the aims of the feed-in tariff scheme is to encourage
immediate investment in technology such as solar panels. Due to
this the generation tariff offered is dependent on when the
system is installed. Systems that are installed at a later date
will be entitled to a lesser amount (this is called degression).
Only systems installed before 1st July 2012 will be entitled to
the full rate of 21p per kWh.
You lock in to the feed in tariff that prevails on the date you
install your solar panel system. If you install a small domestic
system on your house before 1st July 2012, you will lock in to
the rate of 21p. Every year until 2035 or 2036 you will get paid
a tariff of 21p per kWh generated. Index Linked.
You will pay no tax on the money you earn. Both the generation
tariff and the export tariff are index-linked to the Retail
Price Index (RPI) so that they rise with inflation. The value of
the energy used is also likely to increase as electricity prices
rise. This means that your income will increase over the life of
the scheme.
New domestic energy efficiency requirements - from 1st April
2012 a domestic property must meet a specified minimum energy
efficiency requirement to be eligible for the highest available
tariff under the FIT. The Government have set this at Energy
Performance Certificate (EPC) rating D or above. If it does not
meet these energy efficiency requirements, the Solar PV
installation may receive the lower tariff of 9p/kWh. This
requirement to reach a minimum energy efficiency standard will
also apply to extensions of existing PV installations. There are
no transitional arrangements. Even if the PV installation is not
on a building or on a building for which an EPC can be obtained,
this condition remains so long as the solar PV system is wired
to provide electricity to a building that it is possible able to
obtain an EPC for. The Government state that for the 51% of
dwellings that do not already meet the required standard,
reaching a D rating may require the installation of some, but
not all of the following measures: |
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• Loft
insulation
• Cavity wall insulation (but not
solid wall insulation)
• Heating controls
• Hot water cylinder insulation
• Installation of a replacement
boiler. |
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Note:
Figures are as published by the government* and do not show any
adjustment for RPI. * Source: Feed-in Tariffs – Government’s
Response to the Summer 2009 Consultation. P47. |
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What is the Microgeneration Certification Scheme (MCS)? |
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The MCS is a scheme which provides accreditation for installers
and certification of products. It also helps to provide
assurance for customers. More information can be found at
www.microgenerationcertification.org
Solargen Energy Ltd is an MCS accredited company. MCS is also
linked to the Renewable Energy Assurance Scheme, which provides
protection in aspects of system supply. More information can be
found at www.realassurance.org.uk. Solargen Energy Ltd is part
of the REAL Assurance Scheme. |
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