Once you have a microgeneration technology installed you should experience a monthly reduction in your electricity bill and then receive an income from your Feed-In Tariff provider. However, if you have taken out a loan to pay for the installation you will have to make monthly repayments to your loan company.
Feed-In Tariffs are designed so that the average monthly income from your installation will be significantly greater than your monthly loan repayment (with a 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 FIT 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.
The Microgeneration Certification Scheme (MCS) is an independent scheme that certifies microgeneration products under 50kW and installers in accordance with consistent standards.