MCS FIT Payments
On 1st February 2010, the Government announced new standard generation Feed-in Tariffs (FiT) rates due to start on 1st April 2010, which are guaranteed for 25 years. This new payback scheme, results in a shorter payback for Solar PV systems, making them an extremely attractive green option for any home. PV systems registering with the scheme between 1st April 2010 and 31st March 2012 will benefit from the following:
Payments up to 31st March 2012
Any system less than 4kW on a new build = 36.1p per kW pay-back
Any system less than 4kW on a retrofit = 41.3p per kW pay-back
Any system 4-10kW new build or retrofit = 36.1p per kW pay-back
Any system 10-100kW new build or retrofit = 31.4p per kW pay-back
Payments from 1st April 2012- 31st March 2013
Any system less than 4kW on a new build = 33.0p per kW pay-back
Any system less than 4kW on a retrofit = 37.8p per kW pay-back
Any system 4-10kW new build or retrofit = 33.0p per kW pay-back
Any system 10-100kW new build or retrofit = 28.7p per kW pay-back
This means with a generation tariff if you normally pay 12p per kWh fos r your electricity, you would effectively get both the power consumed for free and the FiT.
So on a retrofit system below 4kW before 1st April 2012 this would mean 12p + 41.3p = 53.3p per kWh saving!
Any Solar PV system installed after the 15th July 2009 is eligible for this Feed-in Tariff at the above rate, provided the system uses MCS approved equipment and has been fitted by an MCS accredited installer. Lee Costello is an approved MCS
installer
A simple example of SAVINGS on a generation tariff:-
An average house consumes = 3300 KWH per annum
A PV 2.88KW system can produce = 3285KWH per annum
A retrofit system will pay = 53.3p per KWH saving
Total Tariff Payback = @£1751 per annum year 1
The FiT is index linked to inflation.
