Are you considering installing Solar Panels in your home, business or school?
If so, with only 6 months left before the Feed-in Tariff ends, it may be worth considering sooner rather than later. Right now, the Feed-in Tariff currently pays you for the electricity your system sends back to the grid for upto 20 years.
FITs In Summary
The Feed-in Tariffs (FITs) scheme is a UK Government scheme designed to encourage uptake of a range of small-scale renewable and low-carbon electricity generation technologies.
Under FITs, you could be paid for the electricity you generate if you install or have installed an eligible system like solar PV, a wind or hydro turbine, or micro CHP.
The UK Government's Department of Energy and Climate Change (DECC) makes the policy decisions about the FITs scheme and are the relevant contact for queries about legislation.
The energy regulator Ofgem E-Serve administers the scheme.
Certain energy suppliers (also known as FITs licensees) handle FITs scheme applications and will make the FITs payments. The large energy suppliers are required by law to be FITs Licensees; smaller suppliers are not required by law to do this but many have opted to offer this service anyway. Visit Ofgem for a list of FITs Licensees.
Please note that the information on this page is not an exhaustive list of all the criteria of the Feed-In Tariffs scheme.
How much could I receive through FITs?
If you are eligible to receive FITs payments you will benefit in three ways:
- 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: your energy supplier will pay you a further rate for each unit you export back to the electricity grid, so you can sell any electricity you generate but don't use yourself. At some stage smart meters will be installed to measure what you export, but until then it is estimated as being 50 per cent (75 per cent for hydro) 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. Visit our Renewable electricity pages.
Article from the Energy Saving Trust Website
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