According to the latest statistics published by the Department of Energy and Climate Change (DECC), the Feed-in Tariff rates for both the 0-10kW and 50kW-5MW capacity bands will degress by 3.5% from April 2015.
The data show that 124MW of capacity was deployed between October and December 2014 in the 0-10kW band – just over the government’s deployment trigger value of 100MW. According to the Solar Trade Association (STA), this is the first time since 2012 that the residential sector has triggered a degression through growth as opposed to an automatic degression every nine months.
The commercial rooftop market saw 53MW of capacity deployed in the 50-5MW band, tipping it just over the 50MW deployment trigger.
Commenting on the figures, David Pickup, business analyst for the STA, said: “These latest statistics show that the FiT solar PV market is seeing healthy growth with plenty of solar going up on domestic and commercial roofs as well as small solar farms.”
Pickup continued: “We are particularly pleased to see good levels of growth in the large rooftop market with 33MW of solar – 164 installations – installed in the last three months of 2014, more than double that in the previous quarter.”
The statistic published also reveal that over 125,000 residential properties across the UK took advantage of the solar PV FiT in 2014. In total around 700MW of new generating capacity was added under the FiT scheme – enough to power over 200,000 homes.
This article has been adapted from an article published in Solar Power Portal.