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    Not only does installing solar panels on your property save you money, it also increase the value of your home if you choose to move! Click for more information...
  • Tax free income

    Guaranteed Tax Free Income

    With the new government funded Feed In Tariff scheme you're guaranteed an tax free income for 25 years for the energy you produce! This is linked and increase with the Retails Price Index too. So you're looking at approximately an 11% Return on Investment. Click for more details...
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Feed in Tariff

How does the Feed-in-Tariff Scheme Work?

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If you are eligible to receive the FIT then you will benefit in 3 ways:

1. Generation tariff

A set rate paid by the energy supplier for each unit (or kWh) of electricity you generate. This rate will change each year for new entrants to the scheme (except for the first 2 years), but once you join you will continue on the same tariff for 20 years, or 25 years in the case of solar electricity (PV).

2. Export tariff

You will receive a further 3p/kWh from your energy supplier for each unit you export back to the electricity grid, that is when it isn’t used on site. The export rate is the same for all technologies.

3. Energy bill savings

You will be making savings on your electricity bills , because generating electricity to power your appliances means you don’t have to buy as much electricity from your energy supplier. The amount you save will vary depending how much of the electricity you use on site.

Deemed export

Domestic FIT installations are likely to have their export deemed (estimated) at 50% in most cases until smart meters are rolled out.

Who qualifies for Feed in Tariffs?

Homeowners who have a PV electric solar panels fitted on or after July 2009 and have a 4kWp or smaller system will qualify for the feed in tariff scheme.

Ofgem will administer the scheme and electricity suppliers will be responsible for paying the reward to their customers.

How much will I earn?

Retro fitted photovoltaic (PV solar panels) systems of up to 4kW for existing homes will earn the highest initial payments, 41.3p per unit (although this declines over time). Lower rates, up to 36.1p, apply to new-builds and larger setups. A typical 2.5kW well sited solar PV installation could offer a homeowner a reward of up to £900 and save them £140 a year on their electricity bill.

The money that you receive will be dependant on the size of system you have fitted but the government estimate you will receive between 7 – 10 % return on your investment.

Why are the Government doing this?

The UK government have been set targets to meet and have made commitments to reduce carbon emissions and secure future energy supplies. The most effective way of doing this is to make small scale renewable energy an attractive proposition for householders. By giving a generous return on investment it is hoped this will initiate a speedy take up of solar electric. The initial Feed in Tariff rate of 41.3 pence will be available for a limited period in order to incentivise homeowners to enter the scheme sooner rather than later.

Will the amount you earn change?

The Feed in Tariff Scheme will be indexed linked, which means the rate will rise in line with inflation so the tariff you receive will not be devalued over time.

Government Guarantee

The UK Government will guarantee your Feed in Tariff scheme for 25 years. This leaves plenty of time for you to realise the return on your investment. This also highlights the necessity to act quickly as the higher rate tariff will make payback significantly quicker over 25 years. This guarantee of long term income also adds weight to the belief that investing in solar power may add value to and improve the saleability of your property.

Where’s the catch?

The Feed in Tariff scheme has to be paid for some how.

The answer is that the government are not directly funding this scheme but will be raising funds through a general increase in electricity prices to the standard consumer. This works in a similar way to the current climate change levy which is added to our bills at the moment. The scheme has been devised to prompt individuals to act quickly and install renewable solar energy whilst it makes financial sense. The scheme ultimately rewards earlier adopters of pv solar the most and later adopters the least.

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