Ministers have confirmed that renewable energy installations, including Solar PV, will no longer benefit from the feed-in tariff, with the scheme closing in April 2019 for new registrations.
Since it’s launch in April 2010, the Feed in Tariff (FiT) scheme has offered a valuable incentive for homeowners to invest in Solar PV technologies.
Under the FiT, homeowners and businesses received guaranteed payments for 20 years, with two elements to this payment; the generation tariff and the export tariff.
- The generation tariff pays you the current FIT rate – dependant on system size – for every unit (kWh) of electricity your solar PV system generates, whether it is used or not.
- The export tariff pays you for any excess electricity you generate and export back to the national grid.
However the Feed-in Tariff (FIT) scheme is scheduled to close in April 2019 for new registrations, so if you are interested in a solar pv system from Total Renewable Solutions, you really do need to invest now, before the FiT is gone for good!
The deadline to take advantage of the FIT scheme is the end of March 2019 so please do get in touch with one of our team today to discuss your project on (01749 340490).