Solar PV Feed In Tariffs
What Are Solar PV Feed in Tariffs?
Solar PV Feed in Tariffs give anyone who generates their own electricity through Solar Panels – including home owners, public sector bodies, charities and businesses – the opportunity to earn an income for 20 years and to cut their energy bills. Feed in Tariff income is tax free for all domestic owner occupiers.
There are three ways to earn and save money from Solar PV Feed in Tariffs: through the Generation Tariff, Export Tariff and Bill Savings.
The Generation Tariff pays you for each unit of electricity that is produced, regardless of whether it is used, for 20 years. The FIT pays 15.44p per unit of electricity generated for systems up to 4kWp, and 13.99p per unit for systems over 4kWp and up to 10kWp.
The Export Tariff pays an additional 4.5p for each unit of electricity that is not used and is exported back to the national grid.
Substantial Bill Savings are to be gained as the electricity that is generated can be used at the source, resulting in lower energy bills.
Find out what you could earn and save using our Solar PV Feed in Tariff Calculator.
How Much Can I Earn & Save with FITs?
The example below is based on a 2.5kWp system. At a cost of around £6,000, this system typically gives a return of £535 per year and will recover the cost of installation in around 11 years. This represents a Return on Investment of 9%.
How Much Does Solar PV Cost?
A Solar PV system will cost from £4,500 depending on system size.
Are Grants Available For Solar PV?
Government Grants for Solar PV Panels were discontinued in February 2010 and replaced by the Feed in Tariff in April 2010. The previous Grant scheme only covered a percentage of the cost, but the Feed in Tariff allows you to recover the full cost of installation and to receive a Return on Investment typically between 8% and 12%.
How Can EnergyLink Help?
EnergyLink can organise up to three quotes from MCS accredited local Solar PV Installers. They can all carry out a free, no-obligation survey. If your property is suitable and you are happy to go ahead, the chosen Installer will arrange to carry out the work and help you with Feed in Tariffs.
Enter your postcode and project details to check you qualify then provide your contact details.
Up to 3 MCS accredited Installers in your local area will call you to arrange surveys.
If you're happy to go
ahead, the Installer you choose will carry out the work and help with FITs.