If you generate your own electricity through solar panels or wind turbines, your energy supplier may be eligible to pay you a generation tariff.
The generation tariff scheme works by paying you a certain amount of money for each unit (kilowatt hour, kWh) of electricity you generate. These rates can vary depending on the size of technology installed, the type of technology installed and when the technology was installed.
In order to qualify you must also use a certified installer (MCS Accredited) when implementing the technology into your property. Thermsaver have MCS accreditation and are happy to discuss with you any options for solar energy use within your property.
In order to receive payments under the scheme, the energy supplier you use must be registered. To see the full list of suppliers registered, go to: www.ofgem.gov.uk/environmental-programmes/feed-tariff-fit-scheme/applying-feed-tariff/registered-fit-licensed-suppliers
As well as gaining monetary recompense through your supplier for the generation tariff, it may be possible to sell excess units of electricity you generate back to your supplier. This is called an export-tariff.
For every excess unit of electricity sold back to your supplier you would get back 4.77p and it’s possible to sell back up to half of the units of electricity you generate. If your installation is over 30kW you would also require an export meter.
If you would like to estimate how much you could save through these feed-in tariff schemes, the Energy Saving Trust has calculators on their website:
The solar energy calculator for installation of solar panels – www.energysavingtrust.org.uk/domestic/domestic/solar-energy-calculator
Or try the cashback calculator if you’re thinking about installing wind turbines, hydroelectricity or micro combined heat and power systems – www.energysavingtrust.org.uk/domestic/content/tools-and-calculators
Please note though, any figures given are estimates only.