The Feed-in-Tariff

Payments for the energy your solar panels generate.

 

The Feed-in-Tariff

The Feed-in-Tariff is a scheme funded by the UK government to encourage the uptake of solar PV and other low carbon renewable energy. Under the Feed-in-Tariff you are paid for every kWh of electricity your solar PV generates and also extra money for what you export in to the grid.

 

What is the Current Feed-in-Tariff Rate?

As of January 2016 the Government have announced that the Feed-in-Tariff will now be set at 4.39p for anybody installing up to 10kw of solar pv. If you install between 10kW and 50kW of solar pv you will be eligible for 4.59p. For the full Feed-in-Tariff table click here.

feed-in-tariff

Get paid for all the energy you produce

Your Feed-In-Tariff generation supplier will pay you for every single unit of electricity your Solar PV System generates, no matter whether you use it in your home or not. The amount that they’ll pay you is set in a generation tariff. The current Feed-In-Tariff for a typical household is 4.39p per kWh, and the government guarantees to fix this price for 20 years, making this one of the best investment opportunities out there.

feed in tariff solar panels

And get paid extra for the electricity you don’t use

In addition to the Feed-In-Tariff, it is assumed that you will only use 50% of the electricity generated by your solar panels. Therefore your Feed-In-Tariff supplier will pay you an additional 4.85p for 50% of the electricity generated that they assume is exported back into the grid. So you can still use the 50% of electricity that they pay you an export rate for.

solar panel payments

Cut your energy bills

Sunlight is free so, once you’ve paid the initial installation fees of the solar panels, your electricity costs will be significantly reduced. The electricity generated by your panels will automatically be used to power your appliances, so a lot of the power you use during the day will ultimately be free. You can also fit a Self-Consumption system or an Immersun which can help you use more of the electricity you generate – saving you even more money. As electricity costs are destined to increases year on year, solar panels are a great investment for the future.

solar panel payments
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Units 5 & 6 Rushacre Enterprise Park, Redstone Road, Narberth, Pembrokeshire, SA67 7ET
t: 01834 888330 | e: info@mycontribution.co.uk