LATEST FEED-IN TARIFF NEWS

Wednesday 1st February 2012: REAL have emailed their members to warn that Solar installers currently guaranteeing a FIT rate of 43.3p for 25 years are mis-selling, and should instead advise customers that they will not receive a FIT rate lower than 21p. Read More.

Read All the latest Solar PV FIT news.

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 a tax-free income for 25 years and to cut their energy bills.

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 25 years. The FIT pays 21p per unit of electricity generated for systems up to 4kWp, and 16.8p per unit for systems over 4kWp and up to 10kWp.

• The Export Tariff pays an additional 3.1p for each unit of electricity that is not used and is exported back to the national grid.

• Substantial Bill Savings are to be had 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 2kWp system. At a cost of around £6,000 to £8,000, this system typically gives a return of £513 per year and will recover the cost of installation in 13 years. This represents a Return on Investment of 7.3%.

How Much Does Solar PV Cost?

Domestic Solar PV systems tend to range from 1.5kWp to 4kWp in size depending on roof space available. The average system size is 2kWp, which costs in the region of £6,000 to £8,000.

Try our Roof Checker to find out what size system you could have installed. To get estimated costs, earnings and savings for different Solar PV systems; try our online Feed in Tariff Calculator.

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 7.3% and 9.3%

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.

Try our Roof Checker to find out what size system you could have installed. To get estimated costs, earnings and savings for different Solar PV systems; try our online Feed in Tariff Calculator.