How the Feed-In-Tariff Ending Could Affect You!


How the Feed-In-Tariff Ending Could Affect You!

The Feed-In-Tariff (FIT) is a Government scheme designed to promote the uptake of small-scale renewable and low-carbon electricity generation technologies, such as Solar PV.

This allows homeowners and businesses to be paid for creating their own clean electricity via a generation tariff with extra payments available when they generate more than they use. This scheme was introduced in 2010 but has since seen massive cuts of up to 65% in the value of FIT payments. However, following the publishing of “Control for Low Carbon Levels,” the scheme itself now faces an uncertain future.

WHAT HAPPENS NEXT FOR THE FEED-IN TARIFF?

The lack of confirmation on what will happen for the scheme has left a lot of people increasingly frustrated, which has led to a joint letter from energy bodies, such as the Solar Trade Association, asking what could replace the FIT and remind them that this information is now a year overdue.

Although the reason for this delay is unclear, Energy and Climate Change Minister Claire Perry have agreed to meet the letter’s signatories to discuss their concerns even though last year’s budget stated that there will be no new subsidies for green energy until at least 2025.

The government’s development of it’s new “Control for Low Carbon Levies” is designed to lower the cost of energy through limiting the cost of green energy schemes that are added to consumer bills “until the burden of such costs is falling”.

WHAT SHOULD YOU DO ABOUT THE FEED-IN TARIFF?

With all this uncertainty you as homeowners must be wondering what this might mean for you as an individual resident.

You will be glad to know if you already receive FIT payments for your existing PV systems you will continue to receive these for 20 years from the date you had your technology installed or even 25 years for those who first benefited from the FIT scheme.

However, if you are looking to install Solar PV on your rooftop and still benefit from this scheme then you can still do so as long as you apply before the end of March 2019. Therefore, we suggest it’s best that you invest in this, at some point this year to make sure you are able to benefit from this scheme.

So, whether you’re looking to just save money or you just want to be more environmentally friendly here at Ecolution we can help. We are experienced installers of Solar PV across a wide range of buildings and roof types as well as being able to register you Solar PV systems with your choice of energy supplier and manage your FIT payments.

So get in touch with our dedicated team today who will be able to provide you with a quote for your solar PV installation so you are still able to benefit from the Feed-in-Tariff!

The Feed-In-Tariff (FIT) is a Government scheme designed to promote the uptake of small-scale renewable and low-carbon electricity generation technologies, such as Solar PV.

This allows homeowners and businesses to be paid for creating their own clean electricity via a generation tariff with extra payments available when they generate more than they use. This scheme was introduced in 2010 but has since seen massive cuts of up to 65% in the value of FIT payments. However, following the publishing of “Control for Low Carbon Levels,” the scheme itself now faces an uncertain future.

WHAT HAPPENS NEXT FOR THE FEED-IN TARIFF?

The lack of confirmation on what will happen for the scheme has left a lot of people increasingly frustrated, which has led to a joint letter from energy bodies, such as the Solar Trade Association, asking what could replace the FIT and remind them that this information is now a year overdue.

Although the reason for this delay is unclear, Energy and Climate Change Minister Claire Perry have agreed to meet the letter’s signatories to discuss their concerns even though last year’s budget stated that there will be no new subsidies for green energy until at least 2025.

The government’s development of it’s new “Control for Low Carbon Levies” is designed to lower the cost of energy through limiting the cost of green energy schemes that are added to consumer bills “until the burden of such costs is falling”.

WHAT SHOULD YOU DO ABOUT THE FEED-IN TARIFF?

With all this uncertainty you as homeowners must be wondering what this might mean for you as an individual resident.

You will be glad to know if you already receive FIT payments for your existing PV systems you will continue to receive these for 20 years from the date you had your technology installed or even 25 years for those who first benefited from the FIT scheme.

However, if you are looking to install Solar PV on your rooftop and still benefit from this scheme then you can still do so as long as you apply before the end of March 2019. Therefore, we suggest it’s best that you invest in this, at some point this year to make sure you are able to benefit from this scheme.

So, whether you’re looking to just save money or you just want to be more environmentally friendly here at Ecolution we can help. We are experienced installers of Solar PV across a wide range of buildings and roof types as well as being able to register you Solar PV systems with your choice of energy supplier and manage your FIT payments.

So get in touch with our dedicated team today who will be able to provide you with a quote for your solar PV installation so you are still able to benefit from the Feed-in-Tariff!

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