Feed – In Tariffs
You can reduce your carbon footprint and your energy bills, become more self-sufficient in energy, and earn some extra income by using renewable energy systems. The Feed-In Tariffs are a new Government-backed measure to make it worth your while to produce renewable electricity. There are three separate ways that the Tariffs help you make money from generating your own energy:
The Generation Tariff: You earn a fixed income for every kilowatt hour of electricity you generate and use in your property.
The Export Tariff: You earn an additional fixed income for every kilowatt hour of electricity you generate and sell back to the grid.
Buying Back From Your Supplier: When you can’t generate enough electricity for your needs (if the wind don’t blow and the sun don’t shine) you still buy electricity from your utility company at the normal rates but it’ll be much less electricity than you currently buy.
Renewable heat has its own similar tariff mechanism. You can find more information on our sister sitewww.rhincentive.co.uk. This scheme is called the Renewable Heat Incentive and covers, among others, solar heating systems. The only solar system covered within the Feed-In Tariffs is solar photovoltaics for the generation of renewable power.