Feed-in tariffs
Getting paid to generate renewable electricity
You can now get paid a substantial amount of money by generating renewable electricity (through solar PV panels or wind turbines on-site).
The feed-in tariff pays homeowners with solar Photovoltaic (PV) panels 21p per kWh of electricity produced, regardless of whether is it consumed or not (known as 'generation tariff'). A good sized Photovoltaic system will generate about £1000 a year in revenue (including the money saved on electricity bills), bringing the payback of the investment down to about 10-12 years. This revenue generated by the homeowner is tax free and index linked (RPI) to account for inflation and the tariff is guaranteed for 25years.
Please note: Householders with an eligibility date after 1st April 2012 will receive 21p/kWh provided that their home has an Energy Performance Certificate (EPC) Band D or better (A being the best). Homes which do not have an EPC Band D or better will get will get a reduced generation tariff rate of 9p/kWh.
Action Surrey can arrange EPC assessments.
Actio2n Surrey manages a network of trusted installers who can provide no-obligation, free quotes for homeowners interested in energy efficiency or renewable technology. For more information or to speak with an energy advisor please contact us.
For more information on this scheme or any renewable technology, please use the link below or call us on 0800 783 2503.
PLEASE NOTE: In January 2012, the UK Government appeal against a High Court decision ruling that the Solar FITs Fast Track review was unlawful was unsuccessful. However, this is not the end of the matter: the UK Government are currently seeking permission to appeal the decision to the Supreme Court. In light of this they cannot rule out the possibility that lower tariffs (21p) could be applied to installations which became eligible for FITs on or after the proposed reference date of 12th December 2011. As such there is still uncertainty over which tariffs householders will get if they install between 12th December 2011 and 3rd March 2012."
Homeowners should plan with the lower 21p rate in mind and ensure that their house is as energy efficient as it can be.
Actio2n Surrey manages a network of trusted installers who can provide no-obligation, free quotes for homeowners interested in energy efficiency or renewable technology. For more information or to speak with an energy advisor please contact us.
