Solar Incentives

What are Feed-in Tariffs?

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 still suggesting a total average saving per household of around £1,000 per year, business and commercial a considerably larger saving can be achieved.

 

 

Example:

  

* Generation Tariff Level (p/kWh)

 System Size

Medium Rate

Higher Rate

 Under 4 kW

14.40

14.50

 4kW or above and under 10kW

13.05

14.50

 10kW or above and under 50kW

12.15

13.50

 50kW or above and up to 250kW

10.35

11.50

 250kW or above and up to 5MW

                      7.1 (LOWER RATE)

                          7.1 (LOWER RATE)

 ** Standalone

7.1

7.1

 

* Prices shown are in pence per kilowatt hour (p/kWh).
** Standalone systems only feed electricity back into the grid.