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Author Topic: December 2020 RPI rate 1.2%  (Read 554 times)
paul149
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« 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.


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« 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)
nowty
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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
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dan_b
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« 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.
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greentangerine
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« 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.
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