Solar PV named as part-financeable measure in Green Deal
The Department of Energy and Climate Change (DECC) has confirmed that Green Deal finance can be used to part-fund the cost of installing solar PV.
How the Green Deal and Feed-in Tariffs works together sets out in detail how the two schemes work together following a period of uncertainty. According to the document, the amount of Green Deal finance available will depend on how much money a proposed solar array will save homeowners on their electricity bill. Crucially, even if the amount saved is not enough to fund the entire cost of the installation, Green Deal finance can be used to pay for part of the cost.
In order to calculate how much finance will be available under the Green Deal to fund the cost of a solar array, assessors will take into account the current ‘deemed’ 50% annual electricity consumption of a system alongside 50% exportation.
The document includes a worked example of how the combination of Green Deal and FiTs will work:
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