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Author Topic: December 2020 RPI rate 1.2%  (Read 554 times)
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Posts: 742

« on: January 20, 2021, 11:09:51 AM »

So if I'm not mistaken then the figure used for the annual increase in the FIT rate is going to be 1.2% for the increase that takes effect in April 2021.
So a quick calc I make the rate ( for me anyway ) effectively 0.5799p per kWh.

* image.png (119.26 KB, 1024x768 - viewed 94 times.)
« Last Edit: January 20, 2021, 11:19:51 AM by paul149 » Logged

3.5 kWp (14 x Sanyo H250E01 + SB3000TL) 225' (SW) at 35' Pitch Lat 51.30' (Bristol) Installed cost 2.63/Wp (Nov 2011) now with solarimmersion and 250L unvented dhw (Almost Zero gas input for DHW from Apr to mid Sep)
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« Reply #1 on: January 20, 2021, 12:26:33 PM »

My maths matches yours at 55.99p for max PV rate including export rate for 50% deemed export. fingers crossed!

I still remember reading a newspaper story in 2011 prior to having any PV saying you get forty something pence for every kWh you generate. flyingpig

And you still keep it even if you use the leccy yourself.  flyingpig flyingpig

And it goes up with RPI for 25 years. flyingpig flyingpig flyingpig

And you don't pay any tax on it. flyingpig flyingpig flyingpig flyingpig

I laughed at such a ridicules story,  hysteria  but then nearly fell off my chair when I confirmed it was actually all true. Shocked

My FIT income now covers all my energy import, my council tax and my water bill. extrahappy

12 kW of PV installed and 67 MWh's generated.
Useable home battery storage of 50 kWh's.
Hot water storage of 15 kWh's.
Storage heaters of 15 kWh's.
EV BMW i3 (another 30 kWh's of storage).
6kW Ground source heatpump.
320,000 litres of water harvested from underground river.
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SW London

« Reply #2 on: January 20, 2021, 02:16:26 PM »

I got in on November 2012, so nothing like the full fat FiT of the earlier adopters, but my FIT payments now cover my energy bills for the year, electricity and gas combined.

3.06kWp SolarEdge system with a split array:
2.18kWp 10x South facing, plus 4x West facing 880W

Mk1 ImmerSUN DHW diverter
4kW PowerVault Battery

Tesla Model 3 Long Range
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Posts: 463

Osmington, Dorset

« Reply #3 on: January 20, 2021, 02:34:06 PM »

I was in at the start so get the full whack but a long way to go for it to cover my council tax bill (I live in the 2nd highest CT bill area in England in a band G house) - does cover the gas/electricity and water though.

2.940 kWP (Sharp ND210/Solis 4G 2.5)
2.115 kWP (Kinve KV235-60P/SB1600)
2.000 kWP (Sharp ND250/SB1600)
65 x 58mm SunnPro/Torrent T280 RE OV/SunSpeed2 205
11kW Dean Forge Croft Clearburn 10,000 BTU
SoFar ME3000SP / Pylon US2000 19.2kW
myenergi eddi
Zoe ZE50 R135
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