the feed in tariff how does it work? what does it mean for churches? jon cape managing director,...
TRANSCRIPT
The Feed In TariffHow does it work?
What does it mean for churches?
Jon CapeManaging Director, iPower
October 2011iPower
Feed In TariffHow it Works
- Payment by a utility to a “FIT Generator”- “FIT Generator”: owner of generating assets- Payment is for 25 years, index linked- Eligible Tariff: Tariff in force when valid application for FIT registration is made- Application can be made once an installation is operational
iPower
Current FIT Tariffs for Solar PV
Generation Tariffs p/kWh: RetrofitUp to 4 kWp 43.34-10 kWp 37.810-50 kWp 32.9New Build up to 4 kWp 37.8Export Tariff 03.1Tariff valid for installations registered by 31st March 2012?
iPower
What is an installation?
Normally, an installation is a PV system connected to a single meter with a single MPAN NumberUltimately, it is OFGEM that decides
iPower
Example- Church roof with about sq m suitable roof space- Installation: 9.8 kWp: 40x245kWp panels- Insolation say 800 kWh/kWp/year- 7840 kWh generated per year- FIT Generation Income: 7840 x 37.8p=£2963/year plus inflation for 25 years- FIT Export Income: if 50% exported:3920 x 0.031p=£121/yearTotal FIT Income=£3084- Plus electricity savingsay 3920 x 14p=£549Total benefit per year: £3633
iPower
FIT Review- proposals should be announced for consultation shortly- Greg Barker speech- financial context- wide range of speculation- large system precedent- big reduction expected: 50% or more is possible- could be April 2012. May be earlier
iPower
What does it mean for churches?
- If you are able to, act right now- If not – may be too late to be economically attractive: will need to see FIT Review proposals- watch out for news in coming weeks
iPower
