Get real…… Get paid

The Feed-in Tariffs (FITs) became available in Great Britain on 1st April 2010.  It  isn’t available in Northern Ireland – although this is under review. Under this scheme energy suppliers have to make regular payments to householders, business’ and communities who generate their own electricity from renewable or low carbon sources such as Solar PV panels, Wind turbines & Hydroelectricity.

Example of how the Feed-in Tariff works

As an example, Real Renewable Energy can install a solar PV panel system, of 2.2 kWp which could earn around:

  • £770 per year from the Generation Tariff
  • £30 per year from the Export Tariff
  • £120 per year reduction in current electricity bills.

That up to  £920 per year

The figure will vary depending on how much is exported and has be estimated @ 50%

 

A guide to Feed in Tariff levels.

Technology Scale Tariff level (p/kWh)* Tariff lifetime (years)
Solar electricity (PV) ≤4 kW (retro fit) 43.3 25
Solar electricity (PV) ≤4 kW (new build) 37.8 25
Wind ≤1.5 kW 36.2 20
Wind >1.5 – 15 kW 28.0 20
Micro CHP ≤2kW 10.5 10
Hydroelectricity ≤15 kW 20.9 20

*As of 1 April 2011 which take into account rise in Retail Price Index (RPI) which was 4.8%. Tariff levels vary depending on the scale of the installation.

For full details see the DECC Website.