Feed-in Tariffs (FITs) became available in Great Britain on 1st April 2010.
Under this scheme energy suppliers make regular payments to householders and communities who generate their own electricity from renewable or low carbon sources such as solar electrcity.
The scheme guarantees a minimum payment for all electricity generated by the system, as well as a separate payment for the electricity exported to grid. These payments are in addition to the bill savings made by using the electricity generated on-site.
How much will I save and earn? This will depend on the size of your installation and on how much electricity you use. You can benefit from the scheme in 3 ways: 1. Generation tariff – a set rate paid by the energy supplier for each unit (or kWh) of electricity you generate. This rate will change each year for new entrants to the scheme (except for the first 2 years), but once you join you will continue on the same tariff for 20 years. 2. Export tariff - you will receive a further amount per/kWh from your energy supplier for each unit you export back to the electricity grid, that is when it isn’t used on site. 3. 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 FURTHER INFORMATION ON THIS PLEASE VISIT:
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