Get paid a fixed rate for every kWh you generate.
Understanding Feed-in Tariffs
Under the new Feed-in-Tariff (FiT) scheme, your energy supplier pays you for every unit of electricity your solar electricity system generates, whether you use the electricity in your home or export it to the national grid.
As FiT rates will decline over time, PDP Renewable Energy has been launched to help as many customers as possible benefit from the higher FiT payments – the average customer can expect to earn £800 a year – a 13% return on investment.
Even better, you can keep the free electricity you generate to use in your home, which could save you money in the systems first year!
PLUS as the FiT tariffs are indexed linked – linked to the Retail Price Index (RPI) as a measure of inflation – your investment in this green renewable energy technology will ensure you profit when global oil prices rise.
The Tariffs and how they work
The FiT (also known as the Clean Energy Cash Back) is a collective term which covers everything related to the electricity your PV system generates and how much you get paid for it. Under the FiT there are two tariffs; the Generation Tariff and Export Tariff. There are three separate ways that the Tariffs help you make money from generating your own energy.
The Generation Tariff:
This is a set tariff through which your electricity supplier pays you a fixed amount for every unit of electricity your PV system generates for 20 years, whether you use this electricity or export it to the national grid. The present rate is 15.44p for systems up to 4kWp for every kWh you generate.
The Export Tariff:
This is the amount you earn in addition to the Generation Tariff for any electricity you don’t use and export back to the national grid, through your electricity supplier. Your payback from your electricity provider will be an extra 2.25p for every unit.
The bit you still buy from your electricity supplier:
When you can’t generate enough electricity for your needs you still buy electricity from your utility company at the normal rates but it’ll be much less electricity than you currently buy.