Financial rewards

Until now you have had no choice but to pay whatever your energy provider demands......that has all changed....the Government have introduced a range of incentives to encourage us all to generate our own Electricity and Heat and better still, be paid by the Energy Companies for doing it!

Feed In Tariff (FIT) Scheme

INTRODUCTION

There has never been a better time to install renewable technologies than now. The UK government are providing very generous incentives to assist us in installing renewable technologies. The Feed in Tariff pays us to generate our own power...we typically pay around 15p* for every unit of power consumed...the Government will pay you up to 15.44p per unit for every unit you can generate PLUS you will save the 15p! The tariff is GUARANTEED for 20 years from the point at which you start, providing you with a secure INDEX LINKED TAX FREE income.

Beat fuel inflation NOW and become a Micro Generator.

 WHAT IS THE FEED IN TARIFF (FITS)

The Feed in Tariffs Scheme (FITs) is a financial incentive that was introduced on 1 April 2010 specifically to encourage private individuals and organisations to install small-scale low-carbon electricity generation in their homes, businesses and community buildings.,

As the owner of an eligible renewable energy system, you will be paid for all electrical energy generated whether the energy is used or not.  This payment will be provided from an electricity supplier of your choice, which does not have to be the energy supplier that you normally pay your energy bills to.

Unused or surplus energy can be fed back into the electrical supply network. You will receive a supplementary payment called an Export Tariff of 4.64p per unit. 

The tariff payments are both TAX FREE and linked to R.P.I. to ensure that they are not devalued by inflation.  They are also guaranteed by the Government, however, they are subject to in-year change.

WHAT ARE THE FINANICAL BENEFITS OF THE FEED IN TARIFF (FITS)?

There are three financial benefits from FITs:

  1. Generation tariff – the electricity supplier of your choice will pay you for each unit of electricity (called kilowatts) you generate whether you use the energy or not.
  2. Export tariff – any surplus electricity generated will be automatically exported export back to the energy grid and you will receive an additional payment per unit.
  3. Energy bill savings – you won't have to import as much electricity from your supplier because a proportion of what you use you will have generated yourself, you will see this impact as a reduction in your electricity bill. 

HOW MUCH WILL I BE PAID?

This depends on the size of system installed and the type of technology

Technology

Size of System

Feed in Tariff Payment per unit Generated

Export Tariff per unit Exported

Total Benefit If Exporting Each Unit Generated

Total Benefit if Consuming Each Unit Generated

Solar P.V.

Up to 4kW

15.44p

4.64p

20.08p

30.44p

 

Above 4kW – 10 kW

13.99p

4.64p

18.63p

28.99p

 

Above 10kW – 50kW

13.03p

4.64p

17.67p

28.03p

Wind*

Up to 15kW

21.65p

4.64p

26.29p

36.65p

Hydro*

Up to 15kW

21.65p

4.64p

26.29p

36.65p

 

Above 15kW – 50kW

20.21p

4.64p

24.85p

35.21p

What next?

Find out how renewable energy looks on: