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FIT review for January 2014

The Feed In Tariffs rates for January 2014 to April 2014 were officially announced on the 31st October. Below is a chart based on Ofgems figures.

This is a positive step for sub 50kw PV systems as the tariffs are not moving. Ecolution Products sees this as a good opportunity for the domestic and small commercial install market to have continuous and steady growth over the next 4 months. Which we have seen since July this year and again we had a similar trend before the last FIT drop in July.

For installs greater than 50kw, we will see a FIT drop of 3.5%. Whilst any sized drop will always have an effect on the market, we see this as a manageable rate. The returns on investment will stay attractive and should not effect these types of installs too much.

However, will it create a mini rush which we seem to see every time the FIT’s drop? Considering that the new rates will start from the 1st January, any potential installers will need to already have DNO approval or be well on the way to being approved if they are to be installed before 31st December. So we see the only rush being on projects that are ready to install but may just be waiting for the right time to start work, some of these are likely to be pulled forwards.

The other question is, if there is a mini rush, will it affect stocking levels for ourselves and other distributors? We can only answer this for ourselves and we are in a position to supply for all customers’ requirements. We have good stocking levels and access to replenish stock on short notice. If you have any sized project you wish to discuss with Ecolution Products, please do get in touch with our expert team on 0845 2666 607.

 In the whole we see this as a positive for the industry and with the DECC releasing a statement that renewable investment incentives are safe from the green levies review, the immediate future for PV is looking steady.

 

Descrption

1st October 2013 to 1st January 2014

1st January 2014 to 1st April 2014

 

4kw and less

Higher rate

14.90

Higher rate

14.90

 

Middle rate

13.41

Middle rate

13.41

 

Lower rate

6.85

Lower rate

6.61

 

4kw to 10kw

Higher rate

14.90

Higher rate

14.90

 

Middle rate

13.41

Middle rate

13.41

 

Lower rate

6.85

Lower rate

6.61

 

10kw 50kw

Higher rate

13.50

Higher rate

13.50

 

Middle rate

12.15

Middle rate

12.15

 

Lower rate

6.85

Lower rate

6.61

 

50kw to 100kw

Higher rate

11.10

Higher rate

10.71

 

Middle rate

9.99

Middle rate

6.94

 

Lower rate

6.85

Lower rate

6.61

 

100kw to 150kw

Higher rate

11.10

Higher rate

10.71

 

Middle rate

9.99

Middle rate

9.64

 

Lower rate

6.85

Lower rate

6.61

 

150kw to 250kw

Higher rate

10.62

Higher rate

10.25

 

Middle rate

9.56

Middle rate

9.22

 

Lower rate

6.85

Lower rate

6.61

 

250kw plus

6.85

6.85

 
 
 

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Source: Ofgem

Posted by:Ecolution Products Limited

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Registered address: Ecolution House Endeavour Park London Road Addington West Malling Kent ME19 5SH

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