The UK Government Feed-In Tariff
In 2010 the Government introduced a Feed-In Tariff scheme that works on the basis that you will be paid for each kilowatt hour of electricity your system generates even when this is used in your own home. Homeowners who have a solar electric PV panel system
installed from July 2009 onwards will benefit from the scheme and start
earning returns from April 1st 2010.
The
scheme has been developed in response to Government commitments and set targets to
reduce carbon emissions and secure future energy supplies.
The Feed-In Tariff works on
the basis that the consumer will be paid for each kilowatt hour of
electricity their system generates, even when this is used in their own
home. There is also an additional payment for electricity which is not
used and then fed back into the national grid.
The initial rate at
which payments have been set is 41.3 pence per kilowatt hour for all
electricity generated by your system. In addition, you will be paid a
further 3 pence per kilowatt hour (44.3p per kilowatt hour) for
electricity exported to the national grid. The Tariff has been set for 25 years and is index-linked to increase with inflation.
For more information on Feed-In Tariffs click here to visit www.fitarifffs.co.uk
For your free, no obligation survey and
quote click here...
For the average household using 4,500kW of electricity a year, the Feed-In Tariffs will provide the following benefits if about 2 ½ kW of solar PV panels are installed:
- 2,500kW of electricity generated, paying the homeowner £800 a year tax-free.
- Remaining electricity costs reduced from £450 to £300, saving £150 a year.
- Therefore the total annual benefit is £950 per year.
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The UK Government Consulation Paper on Feed-In Tariffs
Click on the link or cover image below to download the Government's consultation paper on the Feed-In Tariffs.
Consultation on renewable electricity financial incentives
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