in Tariff explained
GOVERNMENT PAYS YOU TO GENERATE ELECTRICITY - even if you use
is how you can SAVE and EARN
with the new Government Backed Feed-In Tariffs (FiT) or Clean
Energy Cash Back scheme, which started on 1st April 2010:
For every unit (kWh) of electricity the PV panels generate the
government guarantees that you will receive a payment. Tariffs
start at 21p per kWh (unit). The government has committed
to make these payments for 25 years.
by using your solar generated electricity
you can gain 21p + 13p
You will still receive a payment for each unit even when you
use it. Householders currently pay on average 13p per unit,
so you save the cost of the unit, in addition to your FIT payment.
When your solar electricity is fed back into the grid
you receive 21p + 3p per
The solar panels are producing electricity all the time there
is sunlight - even when you are on holiday or at work. The government
guarantees at least 3p for every unit (kWh) you export.
a Solar PV system consisting of 10 panels, with a power rating
of 2.45kWp, you could expect FIT payments and savings of approximately
£600 p.a. With electricity costs expected to rise significantly
the system could pay for itself within 10 years.
The FiTS scheme is guaranteed
for 25 years with rates being
indexed linked and tax free.