What is FIT's
Grants and the Feed in Tariff
Grants and the Feed in Tariff The feed in tariff, introduced in April 2010, is a government backed scheme designed to encourage individuals to install solar panels on their homes. Although the Feed in Tariff is backed by the Government they do not fund the scheme with tax payer's money instead the money to pay for it comes from the energy companies who inevitably pass on this cost to their customers in higher energy prices. As of January 25th 2012 it looks likely that 43.3p will be available to all those who have an install before 3rd March but it is still possible that if the government chooses to appeal again and they win then the new feed in tariff of 21p* will be reinstated. This has created the Ideal Time to Buy Solar as prices for domestic systems have fallen by over 25% since the announcement and with the Government guaranteeing that 21p is the Minimum Feed in Tariff You Will Receive. This is a good deal already but potentially, pending the court’s decision, you could receive the full 43.3p so more than doubling your feed in Tariff; this means your return on investment drops from an already very good 7-10 years to an almost unbelievable 3-6 years. Don't Delay and Get Your System Fitted Before the 1st of April Advantages of the Feed in Tariff This all means that the feed in tariff represents an incredible opportunity to those who are able to take advantage of it by offering an amazing RETURN ON INVESTMENT that not many financial products can match. With these kind of returns and them being guaranteed for 25 years it is no surprise that the feed in tariff caused a huge uptake in home owners installing solar systems on their properties. To qualify for the feed in tariff the government has stated that your system must be installed by an accredited MCS installer. * Up until April 2012 a new system would receive the old feed in tariff rate of 43.3p then it will drop down to the new 21p Tariff.