About the Scheme
Under this scheme energy suppliers have to make regular payments to those who generate their own electricity from renewable or low carbon sources such as solar electricity panels (PV). Businesses as well as homeowners are now able to benefit from the Government-led scheme.
The scheme guarantees a minimum payment for all electricity generated by the system, as well as a separate payment for the electricity exported to grid. These payments are in addition to the bill savings made by using the electricity generated onsite.
Feed-in tariffs are designed so that the average monthly income from your installation will be significantly greater compared to the average 25 year loan.
The tariffs available and the process for receiving them vary, depending on when the technology was installed, and whether the system and the installer were certificated under the MCS* scheme.
You will qualify for the full Feed-in Tariff payments if:
- The technology was installed between 15th July 2009 and 31st March 2010 and you transferred to FITs before 1st April; OR
- It is installed after 1st April 2010 using an MCS* certificated product and installer;
For more detailed information on the Feed-in Tariff including the latest rates see the Government's Energy Saving Trust web site.
Any installations installed after 12th December 2011 will receive the current tariff until March 31st 2012. They will then reduce to the proposed new rate for the remainder of the time.
*The Microgeneration Certification Scheme (MCS) is an independent scheme that certificates microgeneration products under 50kW and installers in accordance with consistent standards.