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Solar Photo-Voltaic (PV) Grants.
If you are thinking about but have not so far installed a Solar PV system, the following information will be of interest.
Under the Feed-In Tariff (FIT) Scheme, as applicable to newly installed Solar Voltaic Systems (PV), you should be eligible for the full FIT payments if it is installed using a Microgeneration Certification Scheme (MCS) certificated product and installer.
(* The Microgeneration Certification Scheme (MCS) certificates installers and microgeneration products under 50kW.)
3 ways to benefit from PV and the FIT.
1. Generation tariff – you will be paid a tariff - at a rate set by your energy supplier - for each unit of electricity you generate, for a period of 25 years, in the case of PV.
2. Export tariff - you will receive a further 3p/kWh from your energy supplier for each unit you export back to the electricity grid.
3. Energy bill savings - you'll use less electricity taken from the grid.
An example of how the FIT works with a typical 2kWp PV system, assuming 50% of the electricity generated is exported.You could earn:
£700 per year from the Generation Tariff, £30 per year from the Export Tariff, And save £110 per year in current electricity bills. This gives a total saving of around £840 per year, which should easily offset the cost of the 25 year loan taken out.
