Costs

The Feed in Tariff (also known as Clean Energy Cashback Scheme) is a scheme that encourages businesses and homeowners to invest in renewable energy and also generate an income from the system.

Under the (FIT) scheme not only do you benefit from the savings you make by not needing to purchase your own generated electricity from the grid, and selling any surplus but you also get paid a fixed rate for all the electricity you generate even if you use it all yourself.

See rates guide and example system below:

Typical example:

Price..................................................................................................................................................... £12,500 GBP exc.Vat
System Size.......................................................................................................................................... 3.7 kW
Electricity Generation............................................................................................................................ 3,060 kWh/annum
30% of generated electricity used in the property  
Current electricity rates of 12p per unit  
Export payments (for electricity fed back into the grid) of 3p per unit  
FIT (Feed in Tariff) to start at 43.3p/kWh and increase with RPI  
Revenue generated from savings, export and FIT is tax free  
Energy prices calculated to rise at 5.4% per annum (OFGEM)  
RPI calculated at 4.5% per annum (average annual RPI over 20 year period)