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!
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.
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.
There are three financial benefits from FITs:
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 |