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August 26, 2011

Confused about feed in tariffs? The FiT scheme explained

The use of solar PV systems is not only hugely cost effective by savings on your energy bills, but can also offer a form of investment with the introduction of the feed in tariff. 

The FiT scheme is available for people who have solar panels, wind turbines and other forms of electrical micro generation technology installed in their homes.

To qualify for the FiT system, the solar PV systems must be installed by an MCS accredited installer and supplier.

The key benefits of the FiT are:-

generation tariff – in which your energy supplier gives money for every unit of electricity produced

export tariff – a payment of approx 3p/Kwh for all excess generated electricity exported to the grid

energy bill savings – by using the power from the installed technology there is less dependence of the conventional electrical power supplied by the grid

To find out more, visit the Department of Energy & Climate Change  & see Kevin McCloud speaking on DECC at EcoBuild.

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