Feed-in Tariff scheme

The global solar sector is going through a period of hyper-change. We must make sure we grasp solar PV’s full potential, along wide British economic and environmental benefits that it can bring, as we compete with growing confidence in the global race.. As the energy prices going up and solar panel prices fall, so this is a wise investment! And it’s proved by numbers.

Government introduced the Feed-in Tariffs (FITs) scheme on 1 April 2010

FITs support organisations, businesses, communities and individuals to generate low-carbon electricity using small-scale (5 megawatts (MW) or less total installed capacity) systems.(FITs) could mean that you get money from your energy supplier. You can be paid for the electricity you generate, even if you use it yourself, and for any surplus electricity you export to the grid. And of course you’ll also save money on your electricity bill, because you’ll be using your own electricity

 

You will benefit in three ways:

  • Generation Tariff 100%
  • Export Tariff 50%
  • Energy bill savings 50%

Feed-in tariff explained

Generation tariff: your energy supplier will pay you a set rate for each unit (or kWh) of electricity you generate. Once your system has been registered, the tariff levels are guaranteed for the period of the tariff (up to 20 years) and are index-linked.

  • Export tariff: you will get a further 4.85p/kWh from your energy supplier for each unit you export back to the electricity grid, so you can sell any electricity you generate but don’t use yourself. This rate is the same for all technologies. At some stage smart meters will be installed to measure what you export, but until then it is estimated as being 50 per cent of the electricity you generate (only systems above 30kWp need to have an export meter fitted, and a domestic system is unlikely to be that big).
  • Energy bill savings: you will be making savings on your electricity bills because generating electricity to power your appliances means you don’t have to buy as much electricity from your energy supplier. The amount you save will vary depending how much of the electricity you use on site.

Tariff rates

Once you are receiving Feed-in Tariffs, the rate you get will increase in line with inflation in accordance with the Retail Price Index (RPI).

Evidence of property’s EPC rating will be required when applying for FITs. If no evidence showing the EPC has a band D or higher then the lower rate will apply.

 

  • 8th February 2016-31st March  FiT rate of 4.39p for new 0-10kW band comes into force.
  • 1st April 2016 – The FiT rate for 0-10kW band will drop by a further 10% to 4.32p.
  • The export tariff for solar PV is currently 4.85p/kWh.
  • The tariff period (lifetime) is now 20 years.
  • The tariffs are to be reviewed every three months and will be revised according to deployment rates.

 

Read here about all benefits of Solar Energy system installed on your home

Read here about how solar PV works


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