Flint Bishop

Welcome as feed-in-tariff payments rise nearly 5%

Pictured above: Matthew Rhodes

 

Householders who have photovoltaic panels on their roofs are set to see the sums they receive for feeding back their surplus electricity rise by almost five per cent.

The hike in the feed-in-tariff (FIT) rate, announced by the energy regulator Ofgem, has been welcomed by Encraft, one of the UK's leading independent engineering consultancies focused on microgeneration and energy efficiency in buildings.

Under the scheme, any building occupier who has installed panels with a capacity of 4kW or less will now receive 43.3 pence per kilowatt hour of electricity produced. Most householders with such arrangements typically produce more electricity than they need so the payments allow them to sell back any excess energy to the national grid.

The same rate will apply to anyone who installs panels before 31 March 2012. 

Encraft MD Matthew Rhodes said: "The announcement of the rate rise of 4.8 per cent in line with inflation is great news for anyone considering looking at installing their own PV systems. It is a very welcome boost for this sector.

"It has huge implications not just for private householders but also larger home owners, such as housing associations, and businesses. There has never been a better time to invest in this technology."

Mr Rhodes added that it was vital to undertake a proper survey of the site under consideration before embarking on a scheme because not all were suitable and some might benefit from other measures such as better insulation in conjunction with PV electricity generation.

 

 

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Article published by Midlands Business News on 9 March, 2011

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