The feed-in-tariff payment depends on the Energy Performance Certificate (EPC) for your property. To ensure you are eligible for the lucrative FIT payment, your property must reach EPC band D or above, otherwise the lower Feed-In-Tariff payment will be made. So if you’re in band D or below, is it still a sound investment?
Absolutely. The FIT makes payments for every kilowatt of electricity generated whether it is used or not providing the system has been fitted by an MCS accredited installer. It can return a guaranteed, tax free, index linked annual financial income for 20 years, reducing your electricity bill and cutting your carbon emissions all at the same time.
So even with a tariff of less than 7p, you will still benefit financially. You won’t have the uncertainty of electricity bills rising month on month. Instead, you will generate your own electricity free of charge and get paid for doing it. This is why our customers with EPC bands E and below are still going ahead with solar PV installations. The lower Feed-In-Tariff might not be as lucrative as some properties enjoy but it’s still an income you wouldn’t otherwise receive.
Now is the best time to install solar panels as you have the whole summer to generate maximum energy. For more information on solar PV, please click here to visit our solar page or call us on 01226 763 127 for a free site survey at your property and we’ll happily talk you through this in more detail.