“UK solar continues to be an attractive proposition for many consumers considering microgeneration technologies,” said energy minister Greg Barker at last week’s announcement.
From August 1st, the tariff for a small domestic solar installation will be 16p per kilowatt hour, down from 21p, and will be set to decrease on a three month basis thereafter, with pauses if the market slows down. All tariffs will continue to be index-linked in line with the retail price index (RPI), and the export tariff will be increased from 3.2p to 4.5p. The new tariffs should give a return on investment of around 6% for most typical, well-sited installations.
Government recognition
Alan Aldridge, chairman of the Solar Trade Association, commented: “This should reassure consumers and solar companies alike that the government recognises and stands behind a major role for the solar industry.”
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