Feed-in Tariff guaranteed until April 2012
On 19th January 2012, the Department of Energy and Climate Change (DECC) presented a Written Ministerial Statement to Parliament confirming the Solar PV Feed-in Tariff (FIT) rate until April 2012.
The Statement established that Solar Panel installations completed between 12th December 2011 and 31st March 2012 will receive the FIT rate of 21p for 25 years. This is guaranteed and will move in line with inflation.
It is the third time that the Government has confirmed the guaranteed FIT rate of 21p until April, following similar announcements on 6th January 2012 and 18th January 2012.
What reassurance does DECC’s statement give?