What is the FIT (Feed In Tariff)?
Get real…… Get paid
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%
|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 – 15 kW||28.0||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.