The new Feed-in Tariff (FiT) rates have been released by Ofgem and they now sit at 3.43 p/kWh, in line with the quarterly digression. These rates take effect from 1st October 2018 to the 31st December 2018.
The export tariff, which is paid for every kWh you sell to the electricity grid, remains the same at 5.24 p/kWh.
Solar PV Rates from 1st October until 31st December 2018
Find out the FiT rate for a range of different solar PV systems in the table below:
|Capacity||FiT Rate (p/kWh)|
To learn more about the scheme, read our handy guide to the Feed-in Tariff which includes everything you need to know, including all of the up-to-date rates.
Alternatively, you can take a look at the full list of rates on the official Ofgem Feed-in Tariff generation and export payment rate table.
Feed-in Tariff to End in 2019
On the 19th July 2018, the Department of Business, Energy and Industrial Strategy (BEIS) announced that the Feed-in Tariff scheme will be closed earlier than originally planned. The FiT closure will take effect from 31st March 2019 and any applications received after that will not be eligible. With only one new rate to come in effect before the closure, those who receive the Feed-in Tariff rates don’t need to worry as your payments will continue until your solar PV system is 20 or 25 years old.
If you’re thinking of installing a solar PV system and are interested in cheaper energy bills, reduced carbon emissions and earning money through the FiT payments, we highly recommend getting acting fast.
The best place to start is by getting installation quotes from up to 3 different installers to help you find the best deal. Fill in one of our simple forms today to get free quotes from trusted installers in your area.
Deployment Caps in 2018
Deployment caps are limits on the total number of installations that can receive a tariff rate during the quarter of the year that tariff is in place. Once the cap is reached, no more installations will receive the generation tariff during that quarter, any remaining applications are added to a queue for the next FiT rate. With this in mind, we recommend getting your application in as soon as you can to give you the best chance of getting the current FiT rates.
How You Can Benefit from the Current FiT Rate
If you’d like to benefit from the rate as it applies now, you need to have your solar panels installed before the 1st January 2019. Your solar system needs to be installed by an MCS (Microgeneration Certification Scheme) certified installer using MCS Certified products. When the installation is complete your installer will register you on the central FiT database and you’ll receive a certificate confirming FiT compliance.