The feed-in tariff (FITs)

feedintariff
You may or may not have heard of this scheme which the government introduced in 2010 in an attempt to encourage UK residents to install PV Panels. The tariff pays ordinary energy users for the renewable electricity that they generate – and that is the main principle behind the scheme. You get financially rewarded for producing clean energy even if you just use it yourself, what could be better! It should be noted however, that it is only if you own the property in question that this is applicable.

There are two more benefits of becoming part of this scheme; you get extra payment for the energy that you do not use and you’ll reduce your energy bills. Under this scheme most sizes of renewable electricity generation will be covered by this – up to 5 megawatts which is enough for a large factory.

There are a few criteria which you will have to fulfil to ensure that you are eligible for this scheme, as with any scheme. They are;

  • Your installer must be accredited with the Microgeneration Certification Scheme (MSC) and your panels must also be approved by this and must be new.
  • Your system must not exceed 4kWp but a normal household is well within this limit.
  • Your energy supplier must offer the FIT payments – the six biggest suppliers in the UK offer it and many of the smaller companies have also opted for the scheme but there is a list that you can check.
  • In the past year it has been made part of the criteria that your home must meet the minimum energy efficiency standards to be able to claim the full tariff (EPC Assessments).