If you have installed, or are thinking about installing, a renewable technology which produces electricity, such as a solar electricity (photovoltaic or PV) system, you may be able to get paid for the electricity it produces.
The Feed-in Tariff (FIT) scheme guarantees a minimum payment for all electricity generated by the system, as well as a separate payment for the electricity exported back to the grid. These payments are in addition to the cost savings made by using the electricity you generate on site.
To be eligible for the scheme you must ensure that your PV panel is Microgeneration Certification Scheme (MCS) accredited and that it is installed by an MCS accredited installer.
We are MCS accredited to install solar photovoltaics, solar thermal and ground and air source heat pumps and we will only install MCS accredited products, so you can be sure you are getting a quality product installed by a reputable installer, and this way you make sure you receive your feed-in tariff as well.
For more information on the Microgeneration Certification Scheme you can visit their website at http://www.microgenerationcertification.org/.
How does the scheme work?
If you are eligible to receive the FIT then you will benefit in 3 ways:
1. Generation tariff – a set rate paid by the energy supplier for each unit (or kWh) of electricity you generate. This rate will change each year for new entrants to the scheme (except for the first 2 years), but once you join you will continue on the same tariff for 25 years for solar electricity (PV).
2. Export tariff - you will receive a set rate kWh from your energy supplier for each unit you export back to the electricity grid, that is when it isn’t used on site. The export rate is the same for all technologies.
3. Energy bill savings – you will be making savings on your electricity bills , because generating electricity to power your appliances means you don’t have to buy as much electricity from your energy supplier. The amount you save will vary depending how much of the electricity you use on site.
A better return than having money in the bank!
The Government set feed-in tariffs are currently under review. Please contact us for further information.