Feed In Tariffs explained

What are the FITs?
The FITs were introduced in April 2010. They are payments to anyone who owns a renewable electricity system, for every kilowatt hour they generate. They are applicable to households, business and virtually any property owner.

How much is paid?

Up to 14.9p/kWhr, depending on the type and size of the system used to generate renewable energy. Plus an additional 4.5p/kWhr when you export any surplus back to the grid. Also you reduce costs on your electricity bill when you use your own energy.

For how long?
Solar systems qualify for 20 years. All tariffs are index-linked to RPI.

Are there any restrictions?
Currently, the tariffs apply to all the technologies shown in sizes up to 5 megawatts (plenty for most consumers and businesses).

Useful sources

     

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