What is The Feed-in Tariff (FIT)?
The Feed-in Tariff (FiT) is a government backed scheme that allows homes and businesses to get paid for producing electricity from solar panels
Important information – Feed-In Tariffs Scheme closure after 31 March 2019
On 18 December 2018 the Department for Business, Energy and Industrial Strategy (BEIS) announced the Feed-In Tariffs scheme (FITs) will close to new applications after 31 March 2019.
This decision was made following two public consultations; one consulting on scheme closure and the other seeking views on the future of small-scale low carbon electricity generation support.
On 8 January 2019, BEIS has also published an further consultation on a ‘Smart Export Guarantee’, under which government would legislate for suppliers to remunerate small-scale low-carbon generators for the electricity they export to the grid.
If you are interested in installing a renewable electricity system and receiving FITs payment, you will now have limited time to research options, install a system and register for the scheme before the scheme closes.
If factoring FITs payments into the decision to install you should ensure you will meet the scheme’s eligibility criteria before starting work. Referenced from Energy Saving Trust
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