As the Government Feed-In Tariff incentive scheme is set to end March 31st, many people are making the decision to install a solar PV system while the scheme is still available. Now is a great time to look into solar, so to help you with your research, we have answered some commonly asked questions about the Feed-In Tariff.

How does the Feed-In Tariff work?

The Feed-In Tariff is a scheme introduced by the government which is paid to you for generating clean, renewable energy. There are two parts to the Feed-In Tariff; the export tariff and the generation tariff. Solar panels will generate DC electricity, your inverter will then convert the electricity from DC to AC which will then run via the generation meter. The generation meter will measure exactly how much electricity your solar panels have generated which will give you the reading to submit to your energy provider to claim your Feed-In Tariff payments.

Who is eligible for the Feed-In Tariff scheme?

Most people can benefit from the incentive scheme. Homeowners with an EPC rating or above and also business owners who own the building or have permission from the Landlord with an EPC rating of D or above. All you need to do is have your solar PV system installed by an MCS accredited installer who can provide you with an MCS certificate along with your EPC rating of D or above, download a Feed-In Tariff application form from the internet (most energy providers will have this on their website), fill out the form and send this off to your energy provider along with your MCS certificate and EPC certificate. 

What is an EPC?

EPC stands for Energy Performance Certificate – it’s a rating of how efficient your property is. Things that can affect an EPC include; your boiler, insulation double glazing etc.

When do Feed-In Tariff payments start?

The payments start from the day your installation is completed, where your first generation meter reading will be taken. Any energy generated after that first meter reading will be logged and you will be paid for it.

How often are Feed-In Tariff payments?

You can choose to claim the payment quarterly or annually either straight into your bank or via cheque.

How much money can be made from the Feed-In Tariff scheme?

Based on a 4kWP system on a South facing Brighton property, with 40% roof tilt and predicted average inflation of 4%, combined with the generation tariff of 3.86p per kWh and export tariff of 5.24p per kWh – you would see a year 1 benefit of £293 and a 20 year benefit £7,119. Request a free tailored report here, which will give you exact calculations tailored to your energy usage and property.

Are you tied to the energy provider paying your Feed-In Tariff payments?

You can still change energy supplier exactly the same way you would without a solar PV system, it’s great to regularly shop around to get the best deals and tariffs. You can choose to keep your Feed-In Tariff payments with your original supplier or swap your Feed-In Tariff payments when you change supplier. Some people like to switch energy supplier and use the payments to offset the cost of their energy bills but others choose to keep the payments coming from the original supplier to avoid any extra form filling – it’s completely up to you!

What happens to the Feed-In Tariff payments if you sell the property?

If you move home, you are likely to be leaving the solar panels on the property, so the Feed-In Tariff payments will transfer to the new owner. Solar panels can increase the value of your home: cheap energy bills and a regular income will be a huge bonus to a property for any potential buyers!

When exactly does the Feed-In Tariff end?

The Feed-In Tariff ends on the 31st March 2019 – this means your system must be fully installed, commissioned and your Feed-In Tariff application submitted before this date! Our average time for a complete installation from the initial enquiry.

 

What will the solar PV market look like after the Feed-In Tariff scheme has ended?

Although the incentive scheme if a great bonus to take advantage of while you still can we think that the solar PV market will continue to see rapid growth. Electricity demand in the UK is only going to rise, with Time-of- tariffs and battery storage now available, and the government push on electric vehicles – energy demand will grow, as will solar PV.

 

Our advice

Even though after the Feed-In Tariff scheme ends solar is still an absolute no brainer, however, if you are thinking about installing solar at your home or business, it’s worthwhile getting your skates on and having a look before the March 31st deadline. You can chat with our friendly team who will be happy to advise you further on Live Chat in the bottom right corner of our website or complete an enquiry form here.