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Solar Panel Feed in Tariff - How to Qualify?
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What is the feed-in tariff? This is a question that many of our customers have asked over the years when it comes time to make a decision on whether or not to install solar panels and solar battery units at their home. The feed-in tariff involves selling any surplus solar energy back to the National Grid, and through Government grants pushing solar and renewable energy for many years, it was a popular way to sell solar energy to customers for many suppliers in the past.
In 2016 the solar panel feed-in tariff was cut by 64% by the Government. What this meant was that many companies no longer saw the scheme as viable, but for the private homeowner it does provide the chance to make further returns on the investment made to install solar panel systems at a home. Despite this cut and the Green Deal also being scrapped in 2015, the feed-in tariff provides an attractive boost for homeowners at this time.
This guide has been designed to help you fully understand all aspects of solar panel systems, and how combined with domestic battery storage it can make a huge difference to your energy bill costs, help to add value to your property and reduce your carbon footprint. That’s before you get to the feed-in tariff and the money to be made there over several years.
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The solar panel feed-in tariff provides homeowners with a great chance to make some return on their investments in a shorter period of time. It is a great way to reward those who would have looked towards solar power grants in the past but still wish to make the switch to taking more control of energy consumption at home and reduce their carbon footprint. What happens is that you get paid for the solar energy you produce at home. So, what is the feed-in tariff? It can be split in to two:
The Generation Tariff – You are paid for every kWh of electricity that your solar panels create during the day
The Export Tariff – Every kWh of surplus energy that you have available, you can sell back to the National Grid in order to help other households acquire electricity
The Feed-in tariff applies to a household for 20 years in total and on average you can expect to earn between £1,850 and £7,300 in that time, depending on the type of solar energy system you have installed at your property.
Despite all of this positive news about the solar panel feed-in tariff, there is a downside to consider. You should act fast if you want to get on board. As of April 2019, the feed-in tariff will be scrapped for good. Don’t worry though, there is still time to get on board, even though the rate for any new applicants is being reduced quarterly in the run up to the system being scrapped.
One thing you need not worry about is the length of time you’ll receive the rate, even if you sign up in March 2019, you’ll have access to the solar panel feed-in tariff for the full 20 years. This means that right now is the perfect time to be accessing the service. We can help you gain access to solar panel systems with Moixa Smart Battery to make a huge difference to your energy use and your ability to make money through the feed-in tariff.
As mentioned, there are plenty of cost savings and earnings to be made, alongside the solar panel feed-in tariff. There are several long-term benefits to the feed-in tariff for those looking to install solar panels at their home. Through joining the GridShare programme you can make money on top of the huge annual savings you’ll experience to your energy bills, helping reduce the need to burn fossil fuels and reducing your carbon footprint.
The GridShare membership is split into a Fixed Income membership where you have a guarantee of £50 per year, or the Profit Share membership where you are paid 50% of any profits generated on surplus energy sold back to the Grid via your smart solar battery. Earnings are calculated automatically so you don’t have to worry.
Aside from the GridShare programme and solar panel feed-in tariff, what can you expect to save when it comes to the installation of solar panels and a solar battery? First off, all of our prices include VAT and installation costs, so you don’t have to worry about any hidden costs once the purchase has been made, but the real benefits are found in the savings on your energy costs.
Our clients have experienced up to 60% savings on energy bills from day one of installation, so on an annual basis you can expect overall savings of anywhere between £425 and £680 depending on which battery system you choose to install and the number of solar panels installed on the roof of your home. Solar panel systems require very little in the way of ongoing maintenance costs, and with lengthy guarantees and access to 20 years of the feed-in tariff you will see significant financial benefits.
If you would like to find out more information and answer the question of ‘what is the feed-in tariff?’ in further detail, you can speak to a friendly member of the Moixa team. You can find out how by clicking on Contact page. We’ll be happy to discuss your specific energy requirements and guide you towards the solar panel system that is right for your home and budget.
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*based on an average 3.5kw system in Brighton, south facing, 40-degree pitched roof, with no shade and using national grid PLC statistics on energy power plant carbon intensity. A combination of solar savings, feed in tariff, GridShare cashback payments.
** Gridshare is Moixa’s unique membership scheme that pays you £50 per year for the first three years of joining, if you make spare energy available for trading at peak times in the future.
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