UK Feed-In Tariff
The UK Feed-In Tariff commenced on 1st April 2010 and replaced the solar grants available.
The FIT has been introduced to increase the amount of renewable energy on the National Grid.
The EU has set a target that by 2020, 20% energy will be renewable and the UK is committed to reach its share of the target.
All installations connected to the national grid must use installers and equipment certified under the Microgeneration Certification Scheme (MCS).
The feed-in tariff is paid on all electricity generated it doesn't matter if you use the electricity or feed it back into the grid. There is also an additional 3p for each unit fed into the national grid.
If you use any additional electricity you will be charged at the standard rate of electricity from your supplier.
Electricty supplies need to be licensed under the FIT scheme, a full list of licensed FIT suppliers can be found on the OFGEM website.
Feed-in tariffs have been set for 3 years, once your solar system is connected to the grid the amount you receive will be fixed for 25 years. In year 3 the rates paid are reduced and may continue to reduce in each of the following years. a reviewed will be completed in 2012 and may be cut by up to 10%.
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