The Feed-in Tariff

Under the government’s feed-in tariff (FiT) scheme, you can expect to be paid for every unit of green electricity you generate, whether you consume it or not.

The size of Solar PV system installed will dictate the level of annual return, however the government estimate a 7-12% return on the investment can be anticipated.

You will generate revenue in three main ways:

• Your electricity supplier will pay you for each unit of electricity (kWh) your solar panels generate – even if you consume that electricity within your home or business!
• Your electricity supplier will pay you an additional sum for the electricity you export back to the National Grid.
• In a time when fuel bills are constantly rising, you will reduce your overall electricity bills by generating your own electricity while importing less from the National Grid. 

With the return on your investment due to increase over a period of time as electricity fuel prices continue to rise, installing Solar PV is still widely considered a fail-safe financial investment.

We can also increase your financial reward by introducing other energy efficient measures like vphase voltage optimization to maximize the return on your investment.

Originally introduced in 2010, the Feed in Tariff (FiT) is an environmental incentive programme originally introduced by the government to promote widespread uptake of small-scale renewable and low carbon electricity generation technologies, rewarding home owners for generating their own green electricity. 

The Feed in Tariff is index linked ensuring the tariff received will not devalue over time and will rise in line with inflation. The Government have pledged to guarantee the feed in tariff for 20 years, leaving adequate time to yield the return on any investment.

The current generation and export tariffs are illustrated in the table below:

http://www.energysavingtrust.org.uk/Generate-your-own-energy/Financial-incentives/UK-Government-changes-to-Feed-in-Tariffs-new-and-proposed

What can I expect to earn?

The performance of Solar PV systems is impossible to predict with certainty due to the variability in the amount of solar radiation (sunlight) from location to location and from year to year. Estimates are based upon the Government’s standard assessment procedure for energy rating of buildings

(SAP) and is given as guidance only. It should not be considered as a guarantee of performance.

How to access the Feed-in Tariff

In order to qualify for the Feed-in Tariff, your solar PV system must meet the following criteria:

• Your solar PV system must be approved by the Microgeneration Certification Scheme (MCS) and must be installed by an MCS accredited installer.
• Your home must achieve a grade d or above energy performance certificate to be eligible for the higher rate tariff. Should your property not obtain a grade d, you can only qualify for the lower rate tariff of 7.1p/kWh.

If you’re considering using proven green energy technology to provide you attractive financial rewards, contact the ‘AP Team’ today and lets us help find a solar solution that is right for you.