Who pays for new home solar generated power ie Feed In Tariff

With regard to what my self generated leccy costs I admit I'm one of the very lucky ones to have a system installed 10 years ago when FIT payments were ridiculously generous. The local Black Isle Agricultural Show had the local company Barres advertising an offer that seemed too good to be true. The system was more expensive that can be bought now and that was the point behind FIT payments to kick start the industry. We have had sufficient payments within 8 years to cover the £8600 capital cost. In that period we also saved at least half of our electricity use and were also paid a small amout for 50% of the total generation of about 2000kWh per annum from a 2.6kWp system. Effectively we now earn money from generating due to FIT payments which no longer exist for new installations. New installations probably have a similar payback period of 10 years but given that 25 years minimum life to 80% of original capacity the longer term investment is better than a building society. We happen to be fortunate having a south facing roof in the sunny north of Scotland so get over 2000kWh from our small 2.6kWp system. Mind you with a single string system every bit of snow needs to be cleared off every panel in winter to avoid importing power from the grid!?.

With regard to what my self generated leccy costs I admit I'm one of the very lucky ones to have a system installed 10 years ago when FIT payments were ridiculously generous. The local Black Isle Agricultural Show had the local company Barres advertising an offer that seemed too good to be true. The system was more expensive that can be bought now and that was the point behind FIT payments to kick start the industry. We have had sufficient payments within 8 years to cover the £8600 capital cost. In that period we also saved at least half of our electricity use and were also paid a small amout for 50% of the total generation of about 2000kWh per annum from a 2.6kWp system. Effectively we now earn money from generating due to FIT payments which no longer exist for new installations. New installations probably have a similar payback period of 10 years but given that 25 years minimum life to 80% of original capacity the longer term investment is better than a building society. We happen to be fortunate having a south facing roof in the sunny north of Scotland so get over 2000kWh from our small 2.6kWp system. Mind you with a single string system every bit of snow needs to be cleared off every panel in winter to avoid importing power from the grid!?.