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Ofgem Publish New FIT Cut Details

Ofgem have today published the new FIT rates for Solar PV as of the 1st April 2015. As expected the automatic digression mechanism has resulted in a reduction in the FIT rate for all Solar PV systems up to 50kW. New Rate The standard rate for systems up to 4kW has been reduced from 14.38p down to 13.88p/kWh. The reduction, whilst only slight, is expected to result in an increase in the number of installations over the next three months as installers and consumers rush to install systems prior to 1st July to qualify for the current higher rate. With average system costs continuing to fall this reduction is not expected to have any long term impact on demand but with installations Full details of all FIT rates can be found on the Ofgem website.