Changes to FIT scheme help home owners to earn more

Good news for solar customers

The Government has just updated the Feed in Tariff (FIT) rates to take account of inflation. The good news is that FIT payments have risen slightly meaning even sunnier returns for solar customers.

The Feed in Tariff payment (we really wish they had given it a catchier name) is guaranteed for 25 years and is index linked. This means that your payment will rise with inflation so that it always stays the same in real terms. This makes it an unusually attractive form of investment (as does the fact that the payment is tax free for home-owners).

The new tariffs have just been announced for 2011/12 and come into force on 1 April 2011. The full (and rather complicated table) can be found on-line here.

The headline news is that:

• For installations on existing properties below 4kWp (that’s most people’s homes) the price has risen from 41.3p/kWh to 43.3p kWh.
• For installations on existing properties below 10kWp (that’s most people’s homes) the price has risen from 36.1p/kWh to 37.8p kWh.

These pennies may not sound like much but they make a big difference over 25 years.

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Renewable Heat Incentive Premium Payments Launch

New News from British Eco

Government to launch the Premium Payment voucher scheme on Monday 1st August
The Renewable Heat Premium Payment scheme has been introduced by the Government, the scheme will offer grants to householders to help them purchase renewable heating technologies.
The vouchers will enable up to 25,000 households in the UK to claim up to £1250 towards an installation of a renewable heating system for their home.
The scheme starts on the 1st August 2011 and has been allocated £15 million worth of funding.
The new Government funded scheme will incentivise householders to install heating technotishlogies including; solar thermal, air source heat pumps, biomass boilers and ground source heat pumps.
You can only claim the RHI and RHPP if you use an MCS accredited installer. BritishEco Ltd are MCS accredited which means all products and installers are micro-generation certified with consistent standards. The primary aim of the MCS is to provide consumers with confidence and protection by guaranteeing that micro-generation products and installers who carry will meet these robust quality standards.