The Feed-in Tariff scheme closed to new applicants on 31 March 2019, but customers on the scheme will continue to receive payments until their tariff ends.
We’re answering some common questions you might have about the FiT scheme.
What renewable generation technologies are included in the FiT scheme?
While solar panels are the most common form of home energy generation, the FiT scheme was also open to wind power, micro combined heat and power, hydroelectric generation, and anaerobic digestion.
How are the payments calculated?
We request meter readings quarterly, in March, June, September and December. These are then compared to your previous reading to determine how much energy you generated and how much you used.
This amount is converted to a monetary value based on the two tariffs that make up FiT payments:
- Generation tariff – a rate for each unit of electricity your renewable technology generates.
- Export tariff – a rate for each unit of electricity you export back to the National Grid.
How do I submit meter readings?
The easiest way to submit your meter readings each quarter is through your online account or by downloading our app. This will allow the readings to be instantly validated so you can see any issues quickly and avoid your payments being delayed.
How do I get paid?
Once your meter reading has been submitted, we calculate a total for all of our FiT customers and send this to the energy regulator, Ofgem, who manage the scheme. They will then calculate the FiT payment fund, which all UK energy suppliers pay into. Ofgem will then send us the money which we use to pay you.
Because of this process, you will receive payments around two months after the meter read deadline.
What does deemed export mean?
Deemed export is an estimated export set by Ofgem and is not the actual amount exported back to the National Grid. For the majority of renewable technologies, the amount exported to the grid is deemed to be 50% of total generation.
What do some other jargon terms mean?
Microgeneration Certificate Scheme. A scheme that covers the installation of renewable generation technologies. For you to qualify for FiT, the technology must have been installed by an MCS approved installer and must be compliant with MCS standards.
ROOFiT is similar to MCS but for large installations. An installation is classed as large if it’s over 50kW for solar and wind, and up to 5MW for anaerobic digestion and hydro installations.
Declared net capacity is the estimated output of the installation. It is the maximum possible output of the technology minus the power it uses to function.
The total installed capacity is the total amount of power that the installation is able to produce.
How long can generators claim FiT payments?
Individual Feed-in Tariff contracts may differ, but the standard tariffs last for 20 years, with a few exceptions. Solar panels installed before 1 August 2012 are on a 25 year contract, and micro combined heat and power systems are on a 10 year contract.
Can I switch my FiT to Good Energy?
Yes. Even though the FiT scheme is closed to new entrants, people who already receive it can switch to a new administrator. We’re one of the largest FiT administrators in Britain – supporting people to generate and use 100% renewable electricity is at the heart of our mission to tackle climate change.
*Good energy are a Voluntary FiT licensee