Solar Feed-in Tariff
The Solar Feed-in Tariff is a financial incentive backed by the Government and paid by your energy company to generate your own clean electricity.
The Tariff came into effect on the 1st of April 2010, Instead of providing a grant to help you buy a solar system, the 'Feed-in Tariff' rewards you for the amount of energy you generate, regardless of whether you consume the electricity or not. The scheme also provides an additional payment for any electricity you export.
An average three-bedroom home will earn around £900 a year by generating its own solar electricity - and that's on top of the likely reduction of £140 from the household electricity bill. You can earn a fixed income for every kilowatt hour of electricity you generate and use in your property. And you can also earn an additional fixed income for every kilowatt hour of electricity you generate and sell back to the national grid. The income is guaranteed for 25 years with bfor solar pv systems.
When you need to use electricity at night (when it is dark you won't be able to generate enough electricity from solar technology), you can still buy your electricity from your utility company, but you will need to use much less than usual. If you want to make the most of solar technology - and to save even more on your electricity bills - try to become as energy efficient as you can; for example, run electrical appliances like your washing machine and dishwasher during the day.
If you invest in solar energy now, you will be guaranteeing that income for the next 25 years. Ofgem will administer the feed-in tariff scheme and energy suppliers will be responsible for payments to their customers.
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