Feed-in Tariff Scheme

The Feed-in Tariff Scheme was introduced by the government to Great Britain on 1st April 2010. Under this scheme with a combination of the government and the six major electricity providers, users of Solar Photovoltaic (PV) energy renewal system receive regular fixed payments and payments dependant on the kilowatts of electricity you sell back to the grid.

The first regular payment you will receive will be a fixed amount dependant on the kilowatt hours your solar photovoltaic (PV) system generates and is used within your home. This payment is made solely by the government.

The second payment is made when you sell back kilowatts that your solar photovoltaic system produces that your house does not need, you sell kilowatts back to the national grid at a rate that is subsidised by the Feed-in Tariff Scheme.

The Feed-in Tariff scheme now allows for quicker payback for the installation cost of the solar photovoltaic (PV) system, this is echoed by the government as they have guaranteed the scheme for 25 years meaning breaking even is almost guaranteed.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>