Tariffs

If you install an electricity-generating technology from a renewable or low-carbon source such as
solar PV, the UK Government’s Feed-in Tariffs scheme (FITs) could mean that you get money
from your energy supplier.
You can be paid for the electricity you generate, even if you use it yourself, and for any surplus
electricity you export to the grid. And of course you’ll also save money on your electricity bill,
because you’ll be using your own electricity. Your energy supplier will make the FITs payments
to you.

For you to qualify for FITs, the installer and the products you use must both be certified under the
Microgeneration Certification Scheme (MCS), Premier Energy Solutions are certified under MCS.
If you are eligible to receive FITs you will benefit in three ways:

 

  • Generation tariff: your energy supplier will pay you a set rate for each unit (or kWh) of
    electricity you generate. Once your system has been registered, the tariff levels are
    guaranteed for the period of the tariff (up to 20 years) and are index-linked.
  • Export tariff: you will get a further 4.77p/kWh from your energy supplier for each unit
    you export back to the electricity grid, so you can sell any electricity you generate but
    don’t use yourself. This rate is the same for all technologies. At some stage smart meters
    will be installed to measure what you export, but until then it is estimated as being 50 per
    cent of the electricity you generate (only systems above 30kWp need to have an export
    meter fitted, and a domestic system is unlikely to be that big).
  • Energy bill savings: you will be making savings on your electricity bills because
    generating electricity to power your appliances means you don’t have to buy as much
    electricity from your energy supplier. The amount you save will vary depending how
    much of the electricity you use on site.

 

For the most up to date FITs payment rates please go to
www.energysavingtrust.org.uk/domestic/content/feed-tariff-scheme