Disclaimer: Please note that the information given below should be used as a guide only and should not be used as a definitive source of legal information. Please contact us or your planning professional for further information.
Find out more about Feed-in Tariffs
Feed-in Tariffs (FITs) became available in Great Britain on 1st of April 2010. Under this scheme energy suppliers make regular payments to householders and communities who generate their own electricity from renewable or low carbon sources such as photovoltaic (PV) panels or wind turbines.
The scheme guarantees a minimum payment for all electricity generated by the system, as well as a separate payment for the electricity exported to grid. These payments are in addition to the bill savings made by using the electricity generated on-site.
Once you have a microgeneration technology installed you should experience a monthly reduction in your electricity bill and then receive an income from your FIT provider. However, if you have taken out a loan to pay for the installation you will have to make monthly repayments to your loan company.
FITs are designed so that the average monthly income from your installation will be significantly greater than your monthly loan repayment (with a 25-year loan).
Gas-elec Safety (UK) LtdAddress: The Old Bakery, 14b The Green, West Drayton, UB7 7PJ Tel: +44 (0)1895 420 777 Fax: +44 (0)1895 420 776 Company Reg: 10310709 Company Vat: 258867738