Feed-in Tariffs

Feed-in Tariffs, or FiTs, is a government supported initiative aimed at tackling the ever looming problem of climate change and the dwindling supply of oil, whilst encouraging householders and businesses to generate their own power from renewable or low carbon sources, such as solar electricity panels.

Under the scheme, it has become compulsory for the major energy suppliers to purchase electricity from people generating their own electricity through renewable means.

Therefore, if you have the capacity to generate up to 5 Mega Watts of electricity through solar panels or other technologies, then you are guaranteed:

A minimum payment for all electricity generated by the system, whether you use it or not
Reductions in your electricity bill by using the electricity you generate yourself
Additional payments for electricity exported to the grid.

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