Feed In Tariffs
A feed-in tariff will pay you to generate renewable energy through your solar panel system and receive payments for this energy. Any surplus energy you generate will be sent to the National Grid.
Designed to encourage more investments in renewable energy, feed-in tariffs can vary, however they will all help you to reduce your overall energy bill each month.
What Feed-In Tariff Schemes Are Available?
The Feed-In Tariff (FIT) scheme is a government programme that pays home owners with solar panels for all of the energy that is produced and exported to the National Grid.
New applications to this scheme were closed in April 2019, and in January 2020, this scheme was replaced by the Smart Export Guarantee (SEG) Scheme. Households that are keen to generate their own electricity, however have missed the FIT scheme, can instead take advantage of the SEG scheme.
How Much Can Be Earned With Solar Panel Feed-In Tariffs?
When you choose a solar panel battery system, you’ll quickly learn the many various benefits that such a system can provide.
How Long Do Feed-In Tariffs Last?
Feed-in tariff payments will last up to 20 years, or in some cases, 25 years. The rate of which you are paid for a feed-in tariff will depend on the solar panel system you have and when you installed it. These rates will also change depending on inflation.
What Happens To My Feed-In Tariff If I Sell My Home?
If you are the owner of a home with a feed-in tariff, when you come to sell up, these payments will pass onto the new property owners. Therefore, you will need to notify your energy supplier of these changes.
If you were to take your solar panel system with you to your next property, you can then keep your feed-in tariff. However, it is recommended that you check your contract first before hand
Saving Money & Making Your Home Greener with Three Counties Solar
If you are looking to invest in a solar panel system and further benefit from the Smart Export Guarantee Tariff, make sure to talk to our team at Three Counties Solar today. We’ll be more than happy to help and give you all of the advice you need to find the perfect SEG compatible solar panel system.
