The Feed In Tariff (FIT) is a government incentive which pays people to generate their own "Green" electricity, the scheme was developed to enable the Government to achieve its obligations under EU laws to generate 15% of the Electricity consumed from renewable technologies by 2020.
The Solar PV Feed In Tariff benefits you as a generator of electricity in three ways:
- For each unit of Electricity generated your chosen energy supplier will pay you even if you use that electricity!
- Your energy supplier will pay you an additional sum for all electricity exported back to the National Grid.
- By generating your own electricity you will import less from the National Grid and therefore reduce your overall energy bills.
Generation Tariffs
The current generation tariffs are reflected in the following table:
| System Size | Tariff Levels p/Kwh | Tariff Lifetime |
| ≤ 4Kw (Newbuild) | 37.8 | 25 |
| ≤ 4Kw (Retrofit) | 43.3 | 25 |
| >4kW - 10kW | 37.8 | 25 |
| >10kW - 100kW | 32.9 | 25 |
| >100kW - 5MW | 30.7 | 25 |
| Standalone system | 30.7 | 25 |
Export payment
For all eligible generators connected to the Electricity Network, an export payment, currently fixed at 3.1p per kWh will be available. Although this rate is fixed (and RPI adjusted) the Government has reserved the right to change the export rate should they consider it appropriate to do so. Export payments are made in addition to the generation payment.
What Can i expect to earn?
There are many factors that can effect how much enerrgy you generate the main one being the capacity of the installed system, an average UK household could expect to see earnings similar to the table below:
Potential Benefit: (Based on a 2.45 kWp solar panel system)
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