Commercial Feed In Tariffs
The Feed-in Tariff (FIT) scheme for solar PV panels has become one of the most popular mechanisms for driving investment in renewable energies over the past two years. It allows businesses to not only reduce their electricity consumption but to also obtain fantastic returns of 10-13%.
The opportunity to invest your businesses capital in a scheme that offers guaranteed returns for a 20-year period linked against the Retail Price Index (RPI) has proven a popular choice for many. The government led initiative offers quarterly payments from your electricity supplier for the energy you have generated. The scheme can also pay you to export electricity to the grid – for more information on this see below.
A 50kWp system installed on your business could earn you in excess of £6,500 a year in FIT payments in addition to any electricity savings you will make through installing the system, making it easy to see why many are choosing to install a solar PV system on their premises.
Depending on the size of your system, you’ll be paid the following rates for units of electricity generated on your property, regardless of whether you use it or not. Rates are linked to RPI and are guaranteed by the government for the next 20 years.