Solar PV and the Feed-In-Tariff


Solar PV and the Feed-In-Tariff

Under the governments feed-in-tariff (FIT) scheme, you’ll be paid for every unit of electricity your solar PV system generates whether you use it or not and, in most cases, also be paid for the unused electricity you export back to the grid.

To date the scheme has helped encourage over half a million home owners and thousands of businesses to install solar PV a significant contribution towards the Government’s target of generating 15% of UK electricity demand via renewable energy sources by the year 2020.

However, in December 2015 the government confirmed there would be feed-in-tariff cuts which led to this scheme being cut by the end of April 2019. Despite the cuts the feed-in-tariff still provides a supporting contribution to the vast savings made on energy bills when investing in solar PV

WHAT IS THE FEED-IN-TARIFF?

The FIT was introduced in 2010 to incentivise homeowners and businesses to invest in renewable energy technology with guaranteed tax-free payments for 20 years. These payments based on how many units (kWh) your system generates and exports are also increased in line with inflation.

THE GENERATION TARIFF

The FIT has two elements, the first being the “generation tariff”. Your electricity supplier will pay you the current FIT rates – depending on the size of your system – for every unit(kWh) of electricity your system generates, whether you use it or not.

THE EXPORT TARIFF

The second element of the FIT is the “export tariff”. For smaller systems under 30 kWp your electricity provider will assume you only use half of the electricity generated, therefore exporting half of this back to the grid. Consequently, you will receive the current export rate for a quantity of electricity equivalent to half of your generation.

For system sizes over 30 kWp it is a requirement that you have an export meter fitted to qualify for and receive export payments. You may also be required to pay for an annual fee to your electricity supplier for the service. As solar PV systems are designed based on your electricity supplier for the service.

Registering for payments is simple and our dedicated in-house team are on hand 5 days a week to help you with this process. So if you have a system that you wish to register get in touch with our team today to ensure your system is registered before April 2019!

Under the governments feed-in-tariff (FIT) scheme, you’ll be paid for every unit of electricity your solar PV system generates whether you use it or not and, in most cases, also be paid for the unused electricity you export back to the grid.

To date the scheme has helped encourage over half a million home owners and thousands of businesses to install solar PV a significant contribution towards the Government’s target of generating 15% of UK electricity demand via renewable energy sources by the year 2020.

However, in December 2015 the government confirmed there would be feed-in-tariff cuts which led to this scheme being cut by the end of April 2019. Despite the cuts the feed-in-tariff still provides a supporting contribution to the vast savings made on energy bills when investing in solar PV

WHAT IS THE FEED-IN-TARIFF?

The FIT was introduced in 2010 to incentivise homeowners and businesses to invest in renewable energy technology with guaranteed tax-free payments for 20 years. These payments based on how many units (kWh) your system generates and exports are also increased in line with inflation.

THE GENERATION TARIFF

The FIT has two elements, the first being the “generation tariff”. Your electricity supplier will pay you the current FIT rates – depending on the size of your system – for every unit(kWh) of electricity your system generates, whether you use it or not.

THE EXPORT TARIFF

The second element of the FIT is the “export tariff”. For smaller systems under 30 kWp your electricity provider will assume you only use half of the electricity generated, therefore exporting half of this back to the grid. Consequently, you will receive the current export rate for a quantity of electricity equivalent to half of your generation.

For system sizes over 30 kWp it is a requirement that you have an export meter fitted to qualify for and receive export payments. You may also be required to pay for an annual fee to your electricity supplier for the service. As solar PV systems are designed based on your electricity supplier for the service.

Registering for payments is simple and our dedicated in-house team are on hand 5 days a week to help you with this process. So if you have a system that you wish to register get in touch with our team today to ensure your system is registered before April 2019!

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