The Feed-In Tariff (FiT) was introduced by the UK Government on 1 April 2010 to encourage the uptake of renewable electricity-generating technologies such as solar PV and wind turbines. They also encourage the uptake of gas fired micro-combined heat and power (CHP) which is a low carbon technology.
To qualify for the FiT the technology must be MCS certified and have been installed by a MCS certified installer. If you have an eligible technology installed you will benefit from:
- A generation tariff – paid for every unit (kWh) of electricity you generation – even if you use this yourself
- The export tariff – for every unit (kWh) of electricity you export to the grid.
- Savings as a result of buying less electricity from the grid.
The value of the generation tariff will depend on a number of factors including:
- The technology installed e.g. solar PV
- The size of the system – most domestic installations fall within the first band at less than 4kWp
- When the technology was installed
- And in the case of Solar PV, the number of systems owned and the EPC banding of the property. The property needs to have an EPC band D or better to receive the top value of the generation tariff.
The value of the Feed in Tariff is set by the date your renewable energy system is commissioned. It is adjusted at least yearly. For up to date rates it is best to go to the Ofgem website.
For further information see: