Solar Feed-in Tariffs
Starting from April 2010 the UK government followed the example set by many other
nations around the world and introduced a solar feed-in tariff, also known as a
FIT, for Photovoltaic Solar Panels. A similar
scheme when introduced in Germany lead to a huge surge in domestic solar panel usage
as many Germans realised that through this scheme they could not only reduce their
carbon footprint but actually make money from simply using electricity and sell
any surplus back into the grid. This increase in renewable energy sources has also
been seen in Spain and Denmark following their introduction of a feed-in tariff.
If you are unsure just what the feed-in tariff means to you financially, then we
contact us and we would be happy to generate your feed-in tariff figure using the government and MCS approved method.
If you are eligible to receive FITs 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 - you will get a further amount per kWh from your energy supplier
for each unit you export back to the electricity grid, currently 4.5 p/kWh, 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% of the electricity you generate.
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.
If you would like to use the energy savings trust cash back calculator then please
visit http://www.energysavingtrust.org.uk/Generate-your-own-energy/Financial-incentives/Cashback-Calculator
If you would like to get a free home survey, brochures and prices, please simply fill
out the form to the right.
