The Government feed-in tariff explained
The feed-in tariff was introduced by the UK Government in April 2010. Its purpose is to encourage and reward people who generate their own electricity from renewable, low carbon sources, such as pv solar panels. These payments are made regardless of any electricity you consume, either from your own generating system or bought-in.The feed-in tariff gives you a guaranteed income.
Once your system has been installed you will immediately see a reduction in your electricity bills, and you will also start to receive payments from your energy provider based on the feed-in tariff rates of 41.3p per unit produced and 3p for any additional units exported back to the grid.
Peace of mind for 25 years
Not only are your payments by your energy supplier guaranteed by the UK Government, they are index linked, tax free and guaranteed for 25 years.
The 3 big benefits to your finances
Payments for generating - 41.3p, index linked and tax free paid by the energy supplier for each unit (or kWh) of electricity you generate.
Payments for exporting - you will receive a further 3p/kWh from your energy supplier for each unit you export back to the electricity grid.
Energy savings - cut your electricity bills by up to 50% by producing it yourself. This saving can be increased even further by using your generated electricity wisely. We will be able to help and advise you on how to get the most out of your system.
Feed-in tariff changes March 31st
Please note that these Government backed rates at 41.3p per unit are guaranteed for all systems under 4kW that are installed before 31st March 2012.
After this date, the guaranteed payments will fall by 8.5% per year thereafter, so if you are thinking of installing a solar pv system, there is no better time than now.