There are proposals to change the FIT payment from RPI to CPI from next April. This will adversely affect FIT payments. I've not read it thoroughly yet but the proposals are here.
www.gov.uk/government/consultations/feed-in-tariffs-fit-scheme-indexation-changes
The Govt may well be within their rights but yet another example of a promise being broken.
And perversely seeming to punish those who are trying to do their bit (along with EV owners, with the per mile charging))
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I think most payments from the gov are now cpi?
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While I understand the policy rationale for FIT it irks me that people struggling with their bills are paying a levy to fund a scheme only available to homeowners who have roofs upon which solar panels can be mounted.
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The FIT scheme closed for new applications in 2019.
Those who continue to benefit paid a high price for PV installation and, accepting transition to green energy needed kickstarting, a subsidy was entirely reasonable.
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... and as someone else on another forum said, amongst other things, "In 2011 when we were discussing spending the money £12.5k was a significant sum for us to invest at a time when electricity was only 13p/kWh. If £12.5k had been put in a global index tracker within an ISA, a realistic assumption for a 25 year investment, and where most of my ISA investments are then it would be worth approx £40k today."
It was something of a gamble as investments go, but both being an early adopter and being a bit green do tend to come at a price.
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Didn't seem much of a gamble to me as investments go. In June 2011 my array of 14 panels cost £10665 and by March 2019 they had paid me £10717.33......all money back. As at Sep 2025 the cumulative total is £21880, all tax free. For many years these payments have paid for our electricity, oil and most of our water bills. We now get well over £2K a year. I do not know how much the system is now 'worth' but the original investment, recouped many years ago, is now paying a safe 20% p.a., tax free, rising with inflation, for another 11yrs. It really was a no brainer for a low risk investment.
In contrast, an Invesco Global Equity Acc ISA worth £8432 in Apr 2011 would now be worth, with no further contributions and no disbursments, £32322 (extrapolated from my records). It has provided no goods or services during this time. If cashed in now to get £8432 back and invest the remainder, I would get only around a few hundred pounds interest or very few dividends. Admittedly some of our other riskier investment trusts (e.g. Scot Mortgage, 3i) have done better, and some worse (e.g. Centrica, Vodafone)......but equity investment is risky as any fule kno. It is not a fair comparison. And in a year or three, the stock market might crash....
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> The Govt may well be within their rights but yet another example of a promise
>> being broken.
They are. It wasn't a promise in perpetuity. In my FIT Scheme 'Terms and Conditions', paragraphs 6.1. and 6.2 clearly state that the Sec of State can change the rate at any point.
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To solar panel owners receiving FIT - sooty123
