What is the Feed-in Tariff (FiT) scheme?
The FiT has recently changed again. To achieve Feed In Tariff you need to have a minimum of a band D Energy Performance Certificate (EPC).” This needs to be. You need an EPC of D or above to achieve the highest FIT, otherwise you get a lower rate. This needs to be carried out by a qualified Domestic Energy Assessor (DEA). Here at Total Energy Installations we have 4 in-house assessors. All our installations come with a FREE Energy Performance Certificate included in the price.
Deployment statistics show that, in that time, the FIT’s scheme has been successful in encouraging people up and down the country to become involved in local, clean green energy generation. Solar photovoltaics has led the way in terms of volume deployed, and recent months have seen a substantial increase in both the number of solar PV installations actually registered for FITs and the pipeline of solar PV installations (i.e. those that have been installed but haven’t yet been registered for FITs). While this trend is testament to the popularity of FITs, it also reflects the pace of change that has recently characterised the solar PV market.
Because of its attractive returns on investment and overall success the fund reserved for FiT payments is rapidly evaporating, some might say for the right reasons, we however feel the scheme needs a more balanced “sustainability for all” policy and back Government reviews into FiT returns.
Solar PV Feed-in Tariffs have reduced for a 20 year period. Visit Energy Saving Trust page for up to date information. Click here.
The proposals recommended by The Department of Energy and Climate Change is a direct result of speed and greed installers who jumped on the tariff bandwagon to oversell the rewards of solar technology and tariff returns. By reducing the tariff down a far greater consistent level and backs our policy of sustainability for all and still represents a level consistent with providing a very reasonable rate of return on your investment – Together with avoiding a boom and bust industry. Proposals Total Energy Installations support wholeheartedly!
More details about the Feed-in Tariff?
The DECC hopes to encourage deployment of additional small-scale (less than 5MW) low-carbon electricity generation, particularly by organisations, businesses, communities and individual consumers like yourself that have not traditionally engaged in the electricity market. This allows many people to invest in small-scale low-carbon electricity, in return for a guaranteed payment (from an electricity supplier of your choice) for the electricity you generate and use, as well as a guaranteed payment for unused surplus electricity you export back to the grid.
FITs work alongside the Renewables Obligation (RO) – which is currently the primary mechanism to support deployment of large-scale renewable electricity generation – and the Renewable Heat Incentive (RHI) which, when implemented, will support generation of heat from renewable sources at all scales.
Which technologies are eligible for the FiT?
The small-scale low-carbon electricity technologies eligible for FiT are:
- Solar photovoltaics (PV)
- Anaerobic digestion
Domestic scale microCHP (with a capacity of 2kW or less) – a domestic scale microCHP pilot will support up to 30,000 installations, with a review to start when the 12,000th installation is completed.
For the ful Feed-in Tariff table as it currently stands - click here
If you generate electricity that you don’t use yourself, you can export it back to the grid. You will be paid for exporting electricity as an additional payment (on top of the generation tariff)
Energy bill savings
As you won’t have to import as much electricity from your supplier ) because a proportion of what you use you will have generated yourself) you will automatically reduce the amount of money you spend on energy bills.
How long does the FiT’s scheme last for (even after changes in the tariff)?
Your Feed-in Tariff will last 20 years! Well beyond the time it takes for your installation to entirely pay for itself. Revised figures suggest repayment of investment (under the new 15.44p per Kw) generated will be between 13 to 15 years. So even with a reduced tariff you can enjoy around 10 years dividend from your investment, on top of the other many benefits solar represents socially end environmentally. What’s more, your payments are index linked to inflation protecting you from any devaluation of the period of your tariff!
How do I apply for the FiT’s scheme?
Wind and solar PV installations with a declared net capacity of 50kW or less, and microCHP projects supported through the pilot, will have to use a Microgeneration Certification Scheme (MCS) supplier. Total Energy Installations is a fully qualified MCS installer therefore we can apply for grant status on your behalf. Taking all of the paperwork away from you as a part of our dedicated service.
Where can I find out more independently?
Energy Saving Trust | Telephone: 0800 512 012 | Website - Click here
DECC Direct | Telephone: 0300 068 5733 | Website - Click here
Carbon Trust | Telephone: 0800 085 2005 | Website - Click here
For large-scale (>50 kW) schemes
Ofgem | Telephone: 0207 901 7310 (Renewable team) | Website - Click here