#1 Nov. 12, 2014 17:06:00

chassyh
Registered: 2012-09-04
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FITs - 25yrs? more or less?


Hi all


Having a discussion with a fellow generator who seems convinced that the FITs are for life!


We both are in the first batch of generators, my installation was in May 2011, his before the first reduction in FITs in 2012, so both are on the same tarrif - currently = generation 48.07p/kWh, export 3.39p/kWh, and were told that the lifespan of these payments was 25 years.


What stops after 25 years? The generation tariff, the export tariff, or both.  I was convinced both, he is convinced neither, but does anyone know for certain??


Thanks


Chassyh





Edited chassyh (Nov. 12, 2014 17:06:00)

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#2 Nov. 12, 2014 18:05:00

rogerhoward
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FITs - 25yrs? more or less?


You're quite right, both government tariffs were limited to 25 years to cover the installation cost and then some (and for only 20 years for installations done in the last 2 years), not an indefinate blank cheque.
But of course with retail electricity prices having doubled over the last 10 years and liable to double again over the next seven, the energy-saving benefits continuing after the FiT are expected to at least equal the FiT benefits of installations more recently carried out - as any ‘payback calculator’ will demonstrate so there's hardly cause for concern.










Economy 10 tariff provides 6.9p/kWh off-peak import between 12am-5am, 1pm-4pm and 8pm-10pm; http://www.pvoutput.org/aggregate.jsp?id=21047&sid=18934&v=2&t=m on approx. 63% off-peak usage, 22% solar usage, and 15% peak-rate usage.
1,900kWh annually is exported, mostly in summer, on approx. 3,200kWh generation. Approx. 4,500kWh/year is imported, mostly for (a) winter and springtime off-peak Storage Heaters, and (b) off-peak hot water Immersion heating (which is “dumb”, i.e. not linked to the solar PV).
PV array is split East-West. Income is from Phase II 21p/kWh Feed-in-Tariff plus smart metered 3.2p/kWh Export Tariff.

Edited rogerhoward (Nov. 12, 2014 18:05:00)

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#3 Nov. 13, 2014 13:23:00

bhommels
Registered: 2011-10-03
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FITs - 25yrs? more or less?


As Roger says, the FiT and export tariff will stop after 25 years. What happens after that is anyone's guess. Hopefully we'll be able to apply for other export tariffs, either through a government scheme or directly through the energy supplier.


Having said that, I am sure the lack of a scheme or tariff would not prevent my generated power flowing back into the grid, through my neighbours consumption meter, into their kettle, and them being charged for it!


Bart





Edited bhommels (Nov. 13, 2014 13:23:00)

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#4 Jan. 31, 2015 19:34:55

Gary
Registered: 2014-06-29
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FITs - 25yrs? more or less?

Are you sure the export tariff stops too? it's a while since I read my paperwork but I thought the FIT stops but export continues, at least for those of us on the 20 tear deal

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#5 Feb. 1, 2015 00:46:53

SunshineCoaster
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FITs - 25yrs? more or less?

When present ‘set price’ feed-in generation and export tariffs expire, some 25 or 20 years after the installation date, there is nothing to stop energy companies sourcing from those available microgenerators coming off of the FIT scheme? Obviously your export would have to be metered so it can be accounted for under a new contract.
If deemed worthwhile for a supplier to offer this, the price is likely to be sub-FIT level, due to the extra admin, and lower than from other sources where they do large scale deals/options in the wholesale energy market, but collectively microgenerators will be a substantial source by then (UK renewable capacity, reached 3GW recently with over 568k PV installations, growing at 100k installs/yr), but all a long way off yet to know how this will turn out.



Edited SunshineCoaster (Feb. 1, 2015 01:00:31)

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#6 Feb. 2, 2015 10:19:05

Thackie
Registered: 2013-08-05
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FITs - 25yrs? more or less?

I recall in the days before FITs we got paid an export rate by our elec company (ecotricty) so I can see no legal or technical reason why export payments could not continue after FITs.

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#7 March 21, 2015 11:55:19

TerFar
Registered: 2014-06-21
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FITs - 25yrs? more or less?

I'm certain that the FiT stops after 20 or 25 years (depending when yours was installed), but the Export payments continues.

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#8 May 27, 2015 11:58:31

OSHpvgen
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FITs - 25yrs? more or less?

The Feed in Tariffs cover both the Generation and the Export payments. That is why they are set by the Government. And both will end in 20 or 25 years in their current form and at their current (indexed) rate. There is nothing to stop you now negotiating a better Export rate outside of FiT (but then you would obviously lose the FiT export payment) but it is unlikely that you will find an elec company prepared to pay more.
When the term of the original FiT contract ends (in 20 or 25 years) you are at liberty to offer any excess to the Elec company as Export at whatever rate you can negotiate. The rate is likely to be below the current FiT total (generation and export) but could well be higher than Export. That is simply a guess on my part based on the fact that Elec companies can charge around 14p per unit to customers and I would be surprised if they can source units at less than the the current 3p approx paid in Generation. Of course, an export meter will be a must.

Edited OSHpvgen (May 27, 2015 11:59:35)

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#9 June 16, 2015 16:03:55

Adamthesolarman
Registered: 2015-06-16
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FITs - 25yrs? more or less?

If you signed up at the 41.3p or 43.3p fit rates you will get 25 years worth of payments and was getting 3p for half the units.

Today you will be getting 48.84p for the fit and 3.44p for the export payments as they are linked to RPI.

If you signed at the 13.39p-21p fit rates you will get 20 years and a higher export payment of 4.84p for half the units.

https://www.ofgem.gov.uk/ofgem-publications/92754/fitpvtarifftablefor1april2015-amended-pdf

For anybody that has invested in solar on here i would be very surprised that when your Inverter needs replacing you would not consider to upgrade to a hybrid battery system if they start to monitor the export rather than assume @ 50%.

This is definitely worth a look:

http://115.29.171.144/ad/dynamic.aspx

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#10 June 17, 2015 08:55:16

Capetown
From: The Banks Of The River Mole
Registered: 2014-03-22
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FITs - 25yrs? more or less?

I can't quite make out how your last link would work. I assume the box after the panels is an inverter. The current then flows to the grid and to a battery. I didn't think you could have an AC battery!



The gene pool has no lifeguard!

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