The beauty of the system of solar PV is that you get to claim the government’s FIT for 20 years without having to pay any tax on the money. The payout is anticipated to drop in the future, but you still will receive guaranteed payments for the rate agreed at the time you are approved.
THE SOLAR FEED-IN-TARIFF
Solar PV Feed-In-Tariff Returns
|Typical Solar System Size||FIT Income (£/Year)||Export Tariff Income (£/Year)||Electricity Bill Savings (£/Year)||Carbon Dioxide Savings (kg/year)|
|4kWp||Contact For Rate||£90||£135||1,850kg|
*Figures for average 4kWp. Reference provided by the Energy Saving Trust.