Guide to Renewable Heat Incentives
to Feed in Tariffs |
Tax Relief Advantages
What are the FITs?
The tariffs are payments to anyone who owns a renewable
electricity system, for every kilowatt hour they
generate. They are applicable to households, businesses
and, indeed, virtually any property owner.
How much is paid?
Up to 41.3p/kWhr, depending on the type and size of the
system used to generate renewable energy.
Plus an additional 3p/kWh when you export any surplus
back to the grid.
For how long?
Tariffs are paid for 20 years, except solar systems
which qualify for 25 years. Tariffs are index-linked to
Is that enough?
These tariffs should cover the initial capital cost of
installation and, according to the Government, earn a
return up to 8% p.a. In practice that means you should
earn back the capital cost at least two to three times
over the duration of the tariffs.
When do they start?
Tariffs became payable in April 2010. All qualifying
systems installed now are eligible.
Until April 2012 up to 50kW systems can still receive
these generous FiTs. We would therefore suggest that
members look at the benefits of installing a <50kw PV
system long before that deadline.
The tariffs apply to all the technologies shown in sizes
up to 5 megawatts.
However the government is now reviewing the scheme, so
things may change.
How can I benefit?
Anyone who owns a property can benefit from the Feed-In
How efficient are they?
The Photon test is currently the most recognised field
performance test, comparing international solar module
brands over several years. Using scientific methodology,
the test helps consumers select the best module
supplier, based on product performance in the field.
The Photon Field Performance Test measures how many
kilowatt hours of electricity a module generates during
one year in real life conditions in the field.
The energy yield of REC modules was 6.l% higher than the
group average and 13.7% more than the worst performing