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What is the Feed-In Tariff?

The Government are offering incentives for micro-Electricity called (Feed-in-Tariffs or FITs).

The Feed-in-Tariffs (FITs) scheme was introduced on 1st April 2010, under powers in the Energy Act 2008.

The best thing is that the Government have now ring fenced the scheme and guaranteed it will run for at least 25 years and also that the tariff payments will be protected by linking them to any rise in the retail price index and inflation. The FIT has already risen 41.3p last year to 44.3p per KWh since April 2011. The fact is the level of international pressure on reducing dependency on fossil fuels and the penalties enforced on power companies for missing their green targets make this solar scheme a relatively low cost option for the Government.

Even though the Government have changed the tariff from December 2011 you will still receive an astonishing 21p per Kilo Watt hour (KWh) you produce even if you do not use it (basically they will pay you for ALL the energy you produce) PLUS an extra 3.1p per KW bonus for 50% of every unused unit you give back to the National grid. (24.1p).

(This site has been update to the latest Government tariffs issued in December 2011).

When combining the savings made from generating your own electricity plus the rate for selling your surplus back to the electric company the amount people have saved is a small fortune.

This money is INDEX LINKED and TAX FREE and is guaranteed for the next 25 Years!

Imagine your bank offering you this deal: - (believe me ….It won’t happen!)

A Guaranteed Minimum return on your investment of around 8% in the first year.

With a perfectly designed Extra Energy MCS accredited Solar system our clients have even achieved a return of even around 15.7%. In the present climate with interest rates at an all time low, and energy costs spiralling Solar Panel systems represent a sound investment. They reduce your energy bills long term, but also guarantee great return on investment (ROI) through Government backed FEED-in-TARIFFs.

Typical Example: - Potential benefits of the FITs Tariff:

Number of panels    System Size FITs Income Export Settings Electric Bill Savings Total Income Total Income
over 25yrs
12 2.4kw £518 £38.20 £36.97 £593.17 £22,837
16 4kw £721 £53.22 £51.50 £826 £31,814

The figures above assume an un-shaded South facing roof and that you export 50% of electricity generated. (Established Energy Savings Trust cash back calculator).

When buying a Solar PV system your payback on investment is normally around 8 to 11 years on average.

Like it or not you are probably paying anything from around 12p to 20p per KW on average to buy your electricity in at present and this price will only RISE in the future.

Our FREE SITE survey will work out and we will be able to provide you with specific quotation and potential payback for your own home.

Through the use of FITs - DECC (The Department of Energy and Climate Change) hope to encourage deployment of additional small scale low carbon electricity generation by organisations, businesses, communities and individuals who have not traditionally engaged in the electricity market. This will allow many people to invest in small scale low carbon electricity, in return for a guaranteed payment for the electricity they generate and export.

Once you install an Extra Energy Solar PV system we will guide you on how to claim you’re FITs Tariff and we will help you start making money and savings from the day you’re panels are connected.

Extra Energy is certified by the MCS and it is ONLY Micro Certificated scheme businesses that can help you claim the all important Feed-In-Tariffs.

Always look out for the MCS logo when buying Solar PV.

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