Feed-In Tariffs (FITs)
If you install an electricity generating technology from a renewable or low carbon source such as solar PV or wind turbine, the governments Feed-In Tariff scheme (FIT) could mean you get money from your energy supplier.
You can be paid for the electricity you generate, even if you use it yourself, and for any surplus electricity you export to the grid. And of course you will also save money on your electricity bill, because you will be using your own electricity.
A similar scheme is being introduced in 2012 for heat generation: the Renewable Heat Incentive.
Most domestic technologies (and larger systems up to 5 megawatts) qualify for the scheme, including:
- Solar electricity (PV) (roof mounted or stand alone)
- Wind turbines (building mounted or free standing)
- Hydroelectricity
- Anaerobic digesters
- Micro combined heat and power (CHP)
It is energy suppliers that will pay you the FITs payments with the big six energy suppliers required by law to provide these payements. Some smaller electricity suppliers may not offer FITs payments as it is not compulsory for them though many have opted to offer the payments.
The tariffs available and the process for getting them depend on when the technology was installed, and whether the system and the installer were certificated under the Microgeneration Certification scheme. Another great reason to choose Valley Services!
How FITs Work?
Electricity is created by solar panels. Your electricity supplier pays you for each unit of electricity you generate.
You can use the electricity you generate meaning you don’t have to import from the grid.
You export electricity back to the grid when you don’t use it. You are paid an export tariff.
You import electricity from the grid when you need additional power.
