Solar Spectrum Ltd

Solar Panel PV Installations

Call: 01689 885048

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The Feed-in Tariff Explained

The Feed-in Tariff is the UK Government's support mechanism for renewable electricity generating technologies. If you would like to reduce your carbon footprint, become more self-sufficient in energy, reduce your energy bills and earn an extra income, you should see if you are eligible to receive The Feed-In Tariff by installing solar PV.

You will benefit in a number of ways:

  • Generation tariff - your energy supplier will pay you a set rate for each unit of electricity you generate in kilowatt hours (kWh). Once your system has been registered, the tariff levels are guaranteed for the period of the tariff which is 20 years, and are index-linked.
  • Export tariff - you will get a further 4.64p/kWh from your energy supplier for each unit you export back to the electricity grid, so you can sell any electricity you generate but don't use yourself. . At some stage smart meters will be installed to measure what you export, but until then it is estimated as being 50% of the electricity you generate.
  • Energy bill savings - you will be making savings on your electricity bills , because generating electricity to power your appliances means you don’t have to buy as much imported electricity from your energy supplier. The amount you save will vary depending how much of the electricity you use on site.
  •  Value added Tax - on residential installations you will only pay 5% VAT for the cost of the installation. Saving you 15%.   
  • A commercial business can claim Enhanced Capital Allowances (ECA) of 100% in the first year on qualifying energy-saving expenditure (meaning they can claim the whole cost against profits in that year).

    What you should do before you invest in Solar PV is look at energy saving tips

    What can you do now?

    You can reduce the hardship of these increases by contacting Solar Spectrum Ltd now to find out if your property is eligible for a PV installation.

    For a no obligation free survey click here

    *Please note* The above figures are for guidance and are only an estimate of what can be gained from having a Solar Spectrum system installed.