Feed In Tariffs
Feed In Tariffs (FITs) are also called clean energy cash back.
FITs are the Government’s support measures which ensure that you benefit financially from the solar energy you produce and also from the extra electricity you generate, which can be sold back to the Grid for a guaranteed amount.
This amount has been guaranteed by the Government for up to 25 years.
Key Benefits of the Feed In Tariff include
• Guaranteed premium payment for all electricity generated
• Guaranteed price for any electricity exported onto the grid.
• Improve your property through improved energy performance
• A payment for all electricity you produce, including that which YOU use.
• Additional bonus payments for electricity you export back to the grid
• A reduced electricity bill, from using energy you produce yourself
Feed In Tariffs are the ultimate win-win situation, and at a time of rising energy prices, that can only be a good thing for the environment and your bank balance.
Who pays my tariffs to me?
Although the Feed in Tariffs are established in law, rather than coming from the government, the tariffs are actually paid by to you by your energy supplier.
Where does the money come from?
The suppliers e.g. eon, British Gas, n-power etc pass on the cost of the Feed-In Tariffs scheme to ALL their existing electricity customers.
… so the bottom line is that people who don’t install renewable energy systems pay for those who do!
But Hurry! It Wont Last Forever!
The Feed in Tariff is at the moment set at 43.3p per unit for domestic solar pv installs but this will drop year upon year.
|Technology||Size of stytem||31/3/11||31/3/12||31/3/13||31/3/14||31/3/15|
|Solar PV (new build)||<4KW||36.1p||36.1p||33p||30.2p||27.6p|
|Solar PV (retrofit)||<4kW||43.3p||41.3p||37.8p||34.6p||31.6p|
So the sooner you sign up for the Feed In Tariff the better
Because if you sign up before March 2012 you will be Guaranteed the Maximum rate for 25 years.
Find out more about the feed in tariff here>>
Interested in Feed In Tariffs?
Call us on Sheffield 0114 235 2282 on complete our enquiry form: