Norcroft Energy

Tel: 01226 763127 | Contact Us

electricians in yorkshire - image4

The Feed-in Tariffs (FIT) scheme closed to new applications on 31 March 2019.

Under the FIT, householders receive payments for the electricity generated by eligible installed systems like solar PV. The scheme has now closed to all new applicants.

Important information about the FIT closure and future applications

  • Householders that installed an eligible system and have already successfully applied for FIT payments are unaffected by the scheme closure.
  • Householders that have installed an eligible system with an MCS certificate dated on or before 31 March 2019 have until 31 March 2020 to apply to the scheme.

 

Financial incentives for electricity generation

Smart Export Guarantee

Although the Feed-In Tariff scheme has now closed the Department for Business, Energy and Industrial Strategy (BEIS) published a consultation on a ‘Smart Export Guarantee’. This put forward the proposal that government should require suppliers to pay small-scale low-carbon generators for the electricity they export to the grid.

The consultation closed on 5 March 2019 and the response has yet to be published. We will update this page when new information is available.

Alternative financial incentives

In the interim some energy suppliers are offering similar deals to the proposed Smart Export Guarantee, paying customers set tariffs for electricity they export to the grid. Deals are specific to each household and could involve your generation and supply being metered. Deals may also be time limited and have other conditions which you should consider carefully in order to make the best choice for you.

The Solar Trade Association website lists the current deals available.

Important information about ongoing FIT applications

  • Householders that installed an eligible system and have already successfully applied for FIT payments are unaffected by the FIT scheme closure.
  • Householders that have installed an eligible system with an MCS certificate dated on or before 31 March 2019 have until 31 March 2020 to apply to the scheme.

Successful applicants to the FIT scheme benefit in three ways:

  • Generation tariff: a set rate for each unit (or kWh) of electricity generated. Once approved, tariffs are guaranteed for the period of the tariff (up to 20 years) and are index-linked.
  • Export tariff: a further rate for each unit exported back to the electricity grid.
  • Energy bill savings: savings on electricity bills because generating electricity means less need to buy electricity from an energy supplier. The amount saved will vary depending how much  electricity is used on site.

 

Ofgem have released feed-in-tariff rates up until March 2019 – Please click here to view.

To find out more about the potential financial benefits, contact us today