Feed in Tariff scheme

The Feed in Tarrif scheme is a Governmenet scheme which is designed to encourage the take-up of renewable technologies.

Payments

Under this scheme you will be eligible for payments. Payments are made for every unit (kWh) generated by the PV system, irrespective of whether they are used on site or not. (‘Generation tariff’).

Payments are also made for 50% of every unit generated by the PV system (Export Tariff). 

The payment rates vary depending on when your installation is commissioned and upon an Ofgem queing system but then are fixed for 20 years, linked to the Retail Price Index (RPI) and are tax free.

Energy Performance Certificate

 PV installations will require an Energy Performance Certificate (EPC) Category D in order to obtain the FIT. The installation of a PV system will count towards the rating.

Savings

You will also make savings on your electricity bills since you will be using some of the electricity you are producing. Therefore you will not need to buy in so much electricity from your supplier. The amount you save will vary depending on the size and performance of your PV system and the amount of electricity you use but may range from 25% - 60%.

Return on investment

The return on investment for a typical PV system is approximately 7 - 10% which is higher than many bank and building society base rates.

 

ECO HI SOLAR is certified under the Microgeneration Certification Scheme (MCS) so your installation will automatically qualify for the FIT scheme.

Registering for the FIT

After we have installed your PV system we complete a central FIT database. You will be sent a MCS Certificate.

You then contact your electricity supplier and complete their FIT application form. They will check the FIT database.

Payments will then be made to you (normally quarterly) following your readings of the Total Generation Meter installed as part of your PV system.

Moving home

If you have a PV system and you move home the ownership of the system is transferred to the new owners. If you move into a home with a PV installation you assume ownership of that system.