The government FIT is the feed-in tariff. It pays you for green energy you generate, regardless of whether you use all of it or not. Installing a solar panels on your roof results in your receiving such tax-free income by way of the FIT.
It is your financial reward for investing in such renewable technology products. To be eligible to claim the feed-in-tariff money it is vitally essential that you install only with an MCS approved solar PV system installation company.
It is your financial reward for investing in such renewable technology products. To be eligible to claim the feed-in-tariff money it is vitally essential that you install only with an MCS approved solar PV system installation company.
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.
Utility suppliers with more than one-quarter million domestic customers are obligated to partake in FIT. The payments you receive come from utility suppliers that you contract with.
Through FIT, you are paid for generated energy, which is utilizing the import tariff. You may sell back unused energy to utility suppliers by way of the export tariff. Simply draw power from the grid as needed, such as at nighttime.
Solar heat is also known as thermal energy. Using the sun’s heat, you can heat water for household use. In addition, homeowners need a backup, conventional boiler or immersion heater to make hot water when the sun is not powerful enough, such as at nighttime. Additionally, conventional means of heating water add to the temperature of the water, when needed also. Heated water can be stored in a cylinder.
The newly introduce domestic RHI gives homeowners with newly installed green technologies government claim payments for investing in renewable energy. Solar thermal installations can claim RHI, and those who install Solar PV systems are eligible for the FIT.
| 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.
The Microgeneration Certification Scheme, or MCS, is a symbol of quality and a compliance with the industry standards that companies should be striving to meet. It is a sign to consumers the companies that consistently install or manufacture at the highest quality standards time and again.
Only MCS-accredited installers are included and allowed in our network of providers. They must all carry the necessary qualifications, and insurance. To qualify for the feed-in-tariff, your installer must be MCS-approved. That demonstrates how important proper installation of high-quality solar panels is.
“I was interested in this technology and the fact that I would recover some capital from my investment thanks to the Feed-In-Tariff. But the initial cost was a factor for us so therefore we were impressed with both the quotation, and product knowledge, provided by Solar Panel Glasgow. Solar Panel Glasgow were excellent. I would recommend them to anyone. They kept their promises on delivery, installation and after-sales and were clean and tidy during the work at our house. In fact, they finished a half-day early.”
