Feed in Tariff
The Feed-in-Tariff (FIT) is a government scheme that provides TAX FREE income for each unit of electricity you produce via your solar PV system. The current FIT payments are guaranteed for 20 years and indexed annually with RPI inflation. The scheme therefore offers a great investment opportunity for anyone wishing to invest in solar energy.
At the moment there are three different ways that you can create money from generating your own energy, which are explained below
The Generation Tariff
You earn a fixed income for every kilowatt hour (kWh) of electricity you generate – whether you use the energy or not!
The Export Tariff
Depending on the size of your installation you can either sell exported electricity which is not used or claim a ‘fixed export’ payment.
All of the solar electricity you generate can be used on appliances within your home or business. This therefore has a direct impact on your electricity bills and can save you significant amounts money depending on your usage and system size. It will also help guard against rising energy costs in the future.
We design each solar system tailor made to your property. This enables us to provide you with a personalised payback projection and shows the returns you can achieve via the Feed-In-Tariff.
For more information on the FIT scheme please contact us and speak to a member of our team.