Technologies Eligible for Feed in Tariff UK Schemes
Small-scale low-carbon electricity generation technologies are eligible for the feed in tariff scheme. They include: wind, hydro, solar photovoltaics (PV), domestic-scale micro combined heat and power with a capacity of a maximum of 2 kW, and anaerobic digestion.
The Feed in tariff UK scheme rules state that an individual or organisation must be in possession of wind or solar PV installations of a net capacity of 50 kW or fewer and micro combined heat and power projects must comply with the standards of the Microgeneration Certification Scheme (MCS). Any other form of small scale low-carbon electricity generation technology must be accredited through a process known as ROO-FIT to be eligible for the feed in tariff UK.
PV Feed in Tariff UK Scheme
Amongst the most popular feed in tariff schemes is the PV feed in tariff UK scheme. The PV feed in tariff UK scheme involves the use of solar cells by homeowners and businesses. These solar cells are also known as photovoltaic cells and they convert energy from the sunlight into electricity. They can be installed on rooftops or on mounts on the ground and the way in which the cells are installed affects the PV feed in tariff UK rate received, as does the geographic location in which the solar cells are installed. The photovoltaic feed in tariff UK scheme has created a considerable number of startup companies offering free electricity in return for fixing solar panels to homeowners’ roofs. The photovoltaic feed in tariff UK has been designed to be reduced over time to encourage and record technology change. The contract term for photovoltaic feed in tariff UK schemes is 25 years.
Feed in Tariff UK Benefits
The PV feed in tariff UK, along with the other feed in tariff UK schemes, offers three main financial benefits. Under the scheme, an electricity provider pays out a generation feed in tariff UK for each unit of electricity generated. An export tariff is rewarded to feed in tariff UK scheme registrants who generate electricity and then export it back to the national grid. Registrants are also granted energy bill savings as due to generating their own electricity they are not required to import as much electricity from their electricity supplier. The feed in tariff, whether a photovoltaic feed in tariff UK or otherwise, is paid for a maximum of 25 years.
The photovoltaic feed in tariff UK and other feed in tariff UK schemes are available only through licensed energy suppliers. The tariff rates for both the generation and export of electricity are index-linked, meaning that their values increase or decrease in relation to inflation. The feed in tariff UK rates are adjusted yearly by the percentage rise or reduction in the Retail Price Index over a period of 12 months.