Projected FIT cuts
On July 1st 2015, the Feed in Tariff rate for installations below 4kW will be decreasing to 12.92p/kWh, and for installations over 4kW, but not exceeding 10kW we will see the rate decrease to 11.71p/kWh.
“Degression is a periodic reduction in tariffs, the size of which is dependent on the amount of deployment in the preceding period” -DECC
Therefore, the more solar power that is installed, the further the Feed in Tariff rate is due to drop. Even though it is too early to confirm, The Department of Energy & Climate Change (DECC) figures suggest that there is also going to be a reduction in the tariff on October 1st 2015.
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