The Government Feed-In-Tariff (FIT's)

 

What are the FITs?

The tariffs are payments to anyone who owns a renewable electricity system, for every kilowatt hour they generate. They are applicable to households, businesses and, indeed, virtually any property owner.

How much is paid?

Up to 43.3p/kWhr, depending on the type and size of the system used to generate renewable energy.

Plus an additional 3p/kWh when you export any surplus back to the grid.

Also, you reduce costs on your electricity bill when you use your own energy.

For how long?

Tariffs are paid for 25 years. Tariffs are index-linked to RPI and better still they are TAX FREE !! In this day and age where is it possible to get a GUARANTEED return on investment like this? This is why our funders are so keen to install Solar PV on qualifying roofs as quickly as possible.

Is that enough?

These tariffs should cover the initial capital cost of installation and, according to the Government, earn a return up to 12% p.a. In practice, that means you should earn back the capital cost within 6.5 years and the remaining income is yours.

When do they start?

Tariffs became payable in April 2010. All qualifying systems installed now are eligible.

Any restrictions?

The tariffs apply to all the technologies shown in sizes up to 5 megawatts (plenty for most consumers and businesses). There are technical and accreditation requirements but our recommended suppliers will cover all this on your behalf.

However the government is now reviewing the scheme, so things are likely to change.The results of the review will be released in November 2011 and will be implemented on March 31st 2012. It is widely anticipated that the Government will reduce the FIT's and this is why we want customers to install NOW and enjoy the current benefit structure before it changes. Any installations booked before March 31st 2012 will still qualify for the existing FIT's Arrangements - Guaranteed !

How can I benefit?

Anyone who owns a property can benefit from the Feed-In Tariffs offered.

 

How the Tariffs Work>>>>>