WHY SOLAR ENERGY?
- Make a good investment
- Reduce your electricity bills
- Sell electricity back to the grid
- Be energy efficient
- Cut your carbon footprint
- Be clean and green
CONTINUOUS, RELIABLE AND AFFORDABLE.
** The FIT scheme for Solar PV ends on the 31st March 2019 **
Understanding Feed-in Tariffs
Under the Feed-in Tariff (FiT) scheme, your energy supplier pays you for every unit of electricity your solar electricity system generates. This is whether you use the electricity in your home or export it to the national grid.
As FiT rates decline over time, PDP wants as many people as possible to benefit from the higher payments. The average customer can expect payback on the system in 10 years. Currently the Feed-in Tariff is payable for 20 years. You can even keep the free electricity you generate to use in your home, which could save you money in the first year.
The Feed-In tariffs are indexed 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
Feed-in Tariff (FiT):
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 FIT rate is 0.15p for the lower rate, 3.41p for the middle rate and 3.79p for the higher rate for systems up to 10kW 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. This os through your electricity supplier. Your payback from your electricity provider will be an extra 5.24p for every 2kWh for systems under 30kWp, and systems over 30kWp are metered.
The bit you still buy from your electricity supplier:
When you can’t generate enough electricity for your needs you can still buy electricity from your utility company. It would be at the normal rates, however it would be much less electricity than you currently buy.
The FIT scheme for Solar PV ends on the 31st March 2019.
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