The Feed-in Tariff (FIT) will pay a premium for energy generated by renewable energy systems like solar panels. It is designed to get more of us using renewable energy and encourage low-carbon living.
To register, your installation must be registered by your installer of the MCS database. You can then apply to your energy supplier (e.g. Good Energy who are known to be particularly helpful with this) and they will add you to the central FITs register and agree to make payments to you.
As a result, many people now treat Solar PV in particular as an investment as well as a carbon-saving alternative to fossil fuels.
These are the main facts about the Feed-in Tariff:
The rate of premium you are paid depends on the size of your installation, as this has been divided into brackets as per the table below. To qualify for the full tariff rate, buildings must attain an Energy Performance Certificate (EPC) rating of D or above. This is a measure brought in by the government to try and promote energy efficiency as the first step in greening our housing stock.
To find out more about EPCs, read our article What is an EPC and Why Do I Need One? or give your local branch a call. They will be able to give you a good idea of your likely rating and will even arrange for an energy assessor to visit as part of their service.
|System Size Bracket||Tariff Rate per kWh|
The FIT is scheduled to change in value as time goes by. The government has introduced a cost control mechanism that aims to keep returns from the FIT in line with cost decreases in the industry in order to preserve the longevity of the scheme. Every three months the FIT changes, these occur in February, May, August and November.
For more information on potential changes to the FIT, you can go also direct to the source: the Department of Energy and Climate Change website; or call your local office and speak to a member of staff who will be able to talk you through it.