Since the introduction of the Feed In Tariff (FIT) in 2010, many people have taken advantage of this investment opportunity. Currently, the tariff is 4.11p/kWh for systems registered from 01 January 2017 to 31 March 2017. This rate is index linked and payable for 20 years. We are frequently asked “what’s the catch?”. The only catch is that the fund allocated to this is limited, and so is the number of installations. The sooner you get on board the more likely you are to qualify.
How do I apply?
- You have your PV system installed by an MCS accredited installer.
- On completion of the installation you accredited installer will register your installation with Gemserv (who administer the FiT).
- You will then receive an MCS certificate from Gemserv.
- With help from your accredited installer you complete and submit the FiT application form supplied by your power supply company. You must submit this together with your MCS certificate and your final paid invoice (to prove your ownership of the equipment). You will then start to accrue your feed in tariff units, and you will receive a FiT payment every quarter for up to 20 years.
The feed-in tariff has changed quite a bit since it’s introduction in 2010. Historical details can be found here. Currently, the higher rate feed-in tariff, for systems installed from 01 January 2017, is as follows:
|Scale||Standard Tariff from
01 January to 31 March 2017
|up to 10 kW||4.11||20|
|10 to 50 kW||4.32||20|
|50 to 250 kW||1.99||20|
|250 kW to 1 MW||1.65||20|
|more than 1 MW||0.52||20|