UK Feed-In Tariffs scheme (FITs)

The Feed-In Tariffs scheme (FITs) is a UK Government scheme that pays you for the electricity that you generate, even if you use this electricity yourself.

The FITs was set up by the Government in April 2010 to help increase the level of renewable energy in the UK towards our legally binding target of 15% of total energy from renewables by 2020.

The FITs is regulated by Ofgem, payments are made to you by your energy supplier.

Eligibility for the Feed-In Tariff scheme

Most domestic technologies qualify for the scheme, including:

  • solar electricity (PV)
  • wind turbines
  • hydroelectricity
  • anaerobic digesters
  • micro combined heat and power (CHP)

For you to qualify for FITs, the installer and products you use must both be certified under the Micro Generation Scheme (MCS). Greentec are MCS certified and our experts will recommend the correct products to ensure you get the most benefit from the FITs.

Financial Benefits of the Feed-In Tariffs scheme

  • Generation tariff
    A payment for all the electricity you generate, even if you use it yourself. Once your system has been registered, the tariff levels are guaranteed for the period of the tariff (up to 20 years) and are index-linked.

  • Export tariff
    Additional bonus payments of 4.85p/kWh from your energy supplier for each unit you export back to the electricity grid. For customers without smart meters this figure is estimated as 50% of the amount you generate.

  • Reduced electricity bill
    Your electricity bill will be reduced because generating electricity to power your appliances means you don't have to buy as much electricity from your energy supplier.

Tariff Rates

The level of tariffs you receive are dependant on both the eligibility date and, for solar PV, your property's Energy Performance Certificate (EPC) rating. The latest tariff rates can be found on Ofgem's website.

Solar PV installations with an EPC rating of A, B, C or D qualify for the higher rate payments (4.59p/kWh for PV systems who's eligibility date is after 8th Feb 2016). The lower rate is currently 0.87p/kWh.

If your EPC rating is below D, it is massively important to improve your homes EPC rating before installing a PV system, as your payments will be fixed for the next 20 years.

Energy Performance Certificate (EPC)

All domestic and commercial buildings in the UK available to buy or rent must have an Energy Performance Certificate (EPC). If you own a home, getting an energy performance survey done will help you identify ways to save money on your energy bills.

EPC Certificate

Similar to the multi-coloured sticker on new appliances, EPCs tell you how energy efficient a building is by giving it a rating from A to G (A being the most efficient). They let the person who will use the building know how costly it will be to heat and light, and what its carbon dioxide emissions are likely to be.

EPCs also state what the energy efficiency rating could be if improvements are made, highlighting cost-effective ways to achieve better ratings.

Call Greentec Now!

The best time to go for renewable energy is right now. The early adopters have gotten better tariff rates which are index linked and can last for 20 years. To find out how much you could save/earn from renewable energy, simply give us a call.

 

1. Call Us

Call Greentec on 0333 456 5000 to arrange a FREE consultation with one of our renewable energy experts. We come to you, at a time that suits you.

 

2. Your Consultation

Our experts will listen to your requirements, survey your property and make recommendations to get you the best solution for your circumstances.

 

3. Your Solution

If our recommendation ticks all the right boxes, then we're in business. We help you at each stage of the process to ensure you get the right system quickly and at the best price.