The Feed In Tariff scheme is a government backed scheme developed to encourage the generation of renewable energy. Owners of small scale renewable electricity generators such as solar PV get paid for producing electricity that can be used by the generator or exported back to the grid or a bit of both. The scheme is paid for by a hidden surcharge of approximately 2% on everybody's energy bills. So the people who don't have solar are paying for the people who do!
There are two tariffs that apply to the Feed In Tariff scheme
The Export tariff is paid to small scale low carbon electricity generators for exporting their own electricity. From 1st July2016 the Export Tariff for Solar is 4.91p/KWh.
Would you like more information on either tariff or you would like to take advantage of them? Call 07921 162 487
The Export Tariff is paid to small scale low carbon electricity generators for producing their own electricity. From 1st Jan 2015 the Generation Tariff for Solar PV which can be used in a new or existing building is 4.25p/KWh (installations up to 10KW), 4.46p/KWh (installations between 10-50KW)
Both the Generation Tariff and the Export tariff are linked to the Retail Price Index (RPI). This means that the rates applied will increase year on year. The average RPI over the past 20 years has been 2.5%.
If you would like more information on either of the tariffs or you would like a quote on solar panel installations, please get in touch with our experts today.