Feed-in Tariffs (FITs) set to close from April
The Feed-In Tariffs (FITs) Scheme is the government’s subsidy scheme for the generation of renewable electricity from small-scale low-carbon installations within businesses and homes.
It has delivered healthy financial returns to just under 1 million generators that receive payments for the electricity produced as well as any exported to the grid.
The scheme is set to close to new applications after 31 March. So if you are sat on an application that needs to be completed we advise you do it sooner rather than later.
If your solar generator is below 50KW and is already installed and commissioned, you still have time. Equally if your solar generator is above 50KW, or you are applying for wind or hydro generators, you still have time.
However if your solar generator is below 50KW and hasn’t been installed and commissioned yet, it is highly unlikely that you will meet the deadline.
On a positive note, pressure from industry groups around the removal of the subsidy has led to the BEIS proposing a new Smart Export Guarantee (SEG), which places an obligation on energy suppliers to offer an export payment to newly installed small-scale generators – essentially mirroring the way large commercial generators receive payments. Concerns have been raised around the gap between the two policies and the fact that it does not guarantee a minimum ‘floor price’ for the power put into the Grid. Energy Minister Claire Perry has remained fairly tight-lipped over the future shape of the SEG whilst her department reviews responses to its consultation that closed earlier in the week. Perry has however commented that she is aware speed “is of the essence” but the most important thing is to “get this right.” The outcome of the consultation will be published soon.
To speak to a member of the technical team regarding FITs or onsite generation, get in touch:
Call: 01252 560 379