It is now in a couple of websites that I have seen that the Feed In Tariff rates will be reduced a lot sooner than originally anticipated.
Most people expected the change to occur in April for the new financial year. However, now the gov't is saying that the pot of money allocated for this scheme is running out quicker than planned.
The scheme was more popular than predicted with domestic installations exploding on the scene as people expected to cash in.
This means that you need to get any new installation signed off by the generating company before the 12th December 2011 to achieve the current rate of 43p/unit generated.
Any installation commissioned after that date (even if you have already paid a deposit with an installer) will drop to just 21p/unit generated.
Of course you will SAVE the same amount of money as you would under the old tariff, but the INCOME will now be less than half of what it was before.
The BBC News website has more on this at http://www.bbc.co.uk/news/business-15507750
There may still be other ways in which you can receive payments for using energy efficient or generating systems. Check out the Energy Saving Trusts website which has a database to check out your postcode - http://www.energysavingtrust.org.uk/
Most people expected the change to occur in April for the new financial year. However, now the gov't is saying that the pot of money allocated for this scheme is running out quicker than planned.
The scheme was more popular than predicted with domestic installations exploding on the scene as people expected to cash in.
This means that you need to get any new installation signed off by the generating company before the 12th December 2011 to achieve the current rate of 43p/unit generated.
Any installation commissioned after that date (even if you have already paid a deposit with an installer) will drop to just 21p/unit generated.
Of course you will SAVE the same amount of money as you would under the old tariff, but the INCOME will now be less than half of what it was before.
The BBC News website has more on this at http://www.bbc.co.uk/news/business-15507750
There may still be other ways in which you can receive payments for using energy efficient or generating systems. Check out the Energy Saving Trusts website which has a database to check out your postcode - http://www.energysavingtrust.org.uk/
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