We’ve had confirmation today that our application to lock in the Feed in Tariff (FIT) from June this year, has been successful. This means that we will receive the rate of 10.71p/kWh we generate, rather than the current FIT rate, which is 10.34p/kWh, (plus annual inflation for the 20 year FIT period). This is line with what we had budgeted for, but nonetheless, given the bureaucracy involved in getting this FIT rate secured, is another milestone for the project. It also takes us a step closer to being able to switch the array on. The school is due to be occupied from Monday, 3rd November, so we are chasing the Council to ensure that we can go live between now and then.
FIT now locked in!
We’ve had confirmation today that our application to lock in the Feed in Tariff (FIT) from June this year, has been successful. This means that we will receive the rate of 10.71p/kWh we generate, rather than the current FIT rate,…