This scheme has been introduced by the UK Government to help increase the level of renewable energy in the UK towards our legally binding target of 15% of total energy from renewables by 2020.

The Feed In Tariff gives you this:

• A payment of 14.3p for all the solar electricity you produce, even if you use it yourself.  This is for systems up to 4kWp in size.   
  
• Additional bonus payments for electricity you export into the grid, which is currently 4.5p per kWh. 
  
• A reduction on your standard electricity bill, from using energy you produce yourself.
• For 4-10kW PV systems the top tariff rate is 13.1p per kWh
• 10-50kW PV systems the Feed in Tariff is 12.19p per kWh
• There are also Tariffs for systems larger than 50kW, systems off this size are also eligible for the Renewable Obligation Certificate (ROC) which is an alternative system

The above tariffs are in place until at least 1 July 2014.

It is not yet clear whether the feed in tariff will degress by 3% in July 2014 or whether the government will listen to the lobbying groups calling for the rate to remain the same.

For more information please see the official Ofgem website at:

http://www.ofgem.gov.uk/Sustainability/Environment/fits/tariff-tables/Pages/index.aspx

Current Generation can offer customers returns of over 10% to customers looking to claim Feed-in Tariff payments if they have favourable locations.

Alternatively for larger systems it is possible to claim funds under the Renewable Obligation Certificate or ROC scheme.

For more information about solar PV and the Feed in Tariff visit the Energy Saving Trust and Act on CO_2.

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