In April 2010, domestic homeowners and commercial buildings of businesses have been able to generate their own onsite electricity plus sell any surplus electricity back to their energy suppliers. This is part of a massive drive by the Government to greatly reduce our dependence on fossil fuels.
The new FIT’S (feed-in-tariffs) have the ability to actually save households and businesses an absolute fortune in ever increasing energy bills with the added bonus from making money from the energy they also produce, of course tax free and index linked with the retail price with some calculations suggesting a total average saving per household of around £2,500 per year, business and commercial a considerably larger saving can be achieved.
Example:
* Generation Tariff Level (p/kWh) | ||
System Size | Up to 31st Mar 2011 | From 1st Apr 2011 - 31st Mar 2012 |
Under 4 kW (new property) | 36.1 | 37.8 |
Under 4 kW (retrofit) | 41.3 | 43.3 |
4kW or above and under 10kW | 36.1 | 37.8 |
10kW or above and under 100kW | 31.4 | 32.9 |
100kW or above and up to 5MW | 29.3 | 30.7 |
** Standalone | 29.3 | 30.7 |
* Prices shown are in pence per kilowatt hour (p/kWh).
** Standalone systems only feed electricity back into the grid.
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