Get paid for 20 years under Feed-in Tariffs or for 7 years under RHI.
Feed-in Tariffs (FITs)
UK Government's scheme – Feed-in Tariffs is designed to encourage uptake of a range of small-scale renewable and low-carbon electricity generation technologies.
If you install or have installed a solar PV system you could be paid for the electricity you generate under Feed-in Tariffs scheme.
How much could you receive through FITs?
If you are eligible to receive FITs payments you will benefit from a solar PV system in three ways:
Generation tariff – your energy supplier will pay you a set rate for each unit (or kWh) of electricity you generate. Once your system has been registered, the tariff levels are guaranteed for the period of the tariff (up to 20 years) and are index-linked
Export tariff – your energy supplier will pay you a further rate for each unit your export back to the electricity grid. Until smart meters are installed it is estimated as being 50 per cent 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 do not have to buy as much electricity from your energy supplier. The amount you save will vary depending how much of the electricity you use.
The domestic Renewable Heat Incentive is a UK Government's scheme to promote the use of renewable heat. Customers who join the scheme could receive quarterly cash payments over seven years if they install an eligible renewable heating technology such as solar thermal or air source heat pump.
The scheme is open to anyone who can meet the joining requirements. It is for households both off and on the gas grid. For RHI can apply (provided they meet eligibility criteria):
registered providers of Social Housing
The eligibility requirements and rules of the scheme are available on Ofgem's website.