Thursday, 16 July 2009
The Government has announced today (July 16th 2009) the details of the proposed feed-in tariff for microgeneration from systems like small wind turbines and solar photovoltaics. The new tariff will pay for all energy generated by your system, irrespective of if you use it yourself or sell it back to the grid. The amounts paid are in addition to any saving you will make by purchasing less electricity from your supplier and any income you earn from selling your surplus power to your electricty supplier.
The key points of the announcement are:
- 36.5p/kWh for small solar photovoltaic systems up to 4kW and 28p/kWh for systems up to 10kW.
- 23.0p/kWh for small wind turbines between 1.5kW and 15kW.- Replaces the current ROC system which pays 10p/kWh.- Effective as of the 1st April 2010, but all systems commissioned from now on will qualify.- Systems installed from now until April 2010 will be eligible for both LCBP grants AND the new tariff.
A typical home solar photovoltaic system of 3kW, generating approximately 2,300kWh per annum will therefore earn around £1,000 per annum, which is an additional £600, dramatically reducing payback times.
An Evance Iskra R9000 small wind turbine will typically earn £2,000 - £3,000 per annum which is an additional £1,000.
A Gaia 133 small wind turbine installed at a modestly windy site will earn £6,000 - £9,000 per annum which is an additional £3,000, making it a very economic proposition with likely payback times of less than 5 years on a typical site.