Are You Eligible for the Feed-In Tariff Scheme?
Posted on the 1st April
For many homeowners the installation of low carbon technologies such as solar panels can be a rather expensive investment, however, the government’s Feed-In Tariffs (FITs) scheme could just mean you gain more than energy efficiency at your home or business property. But for those looking to reduce their home’s carbon footprint, what do you need to know about FITs?
As experts in solar panel installation, we have devised the ultimate guide to Feed-In Tariffs so you can get the information you need to boost your green credentials.
An Introduction to FITs
Launched by the government’s Department for Energy and Climate Change (DECC) back in April 2010, Feed-In Tariffs have fast become a path to introducing energy saving technologies to many homes, businesses and communities. In addition to this, the scheme has increased the accessibility and use of low carbon systems such as mounted and stand-alone Photovoltaic (PV) panels and wind turbines.
Ultimately the scheme allows you to get paid for any electricity that is generated by your new energy efficient installation, including the electricity that is used in your own property and any surplus electricity fed into the grid. FITs are designed to help you profit from your solar panel or renewable energy installation earlier, allowing you to save money on your utility bills from the outset.
How Feed-In Tariffs Work
As we’ve mentioned both surplus and used electricity is payable under the Feed-In Tariff and the scheme works in two parts. The generation tariff is a fixed payment that you receive from your electricity supplier for any energy generated through your low carbon system. For every Kilowatt hour (kWh) generated you receive a specific rate. This rate depends on when your system was installed, what type of system you are using and whether your property has an Energy Performance Certificate.
The second part of the scheme is the export tariff, this is a payment for any surplus electricity generated by your new installation, which is fed into the grid if it has not been used in your home or commercial property. Generally, the average household uses up to 50% of the energy generated by their low carbon system. For further details on the current rates under the generation and export tariff, contact your supplier.
Is My Home Eligible?
Feed-In Tariffs only apply to small scale installations and the majority of domestic applications are eligible under the scheme. However, since 2012, to qualify each applicant looking to install solar panels under the scheme must ensure their property meets an energy efficient criteria, certification of which must be enclosed in your application.
Posted in Solar Energy
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