PV inverter tariffs

What is the feed-in tariff scheme?

Under the Feed-in Tariff scheme (FITs), householders receive payments for the electricity generated by eligible installed systems like solar PV, wind, hydro turbines, or micro CHP. If you already have an eligible installed system that you are receiving FITs payments for, you are unaffected by the scheme closure.

What is feed-in tariff (FIT)?

The Feed-in Tariff (FIT) scheme is a Government Incentive to Promote the uptake of Renewable Technologies such as Solar PV or Wind Turbines.

Do I Lose my feed-in tariff if I move home?

If you already have an eligible installed system that you are receiving FITs payments for, you are unaffected by the scheme closure. For this reason, you will continue to receive FITs payments as normal. Do I loose my Feed-in Tariff if i moved home? Unfortunately, yes you do.

Does fit cover solar thermal systems?

Note: This guide concerns solar photovoltaic (PV) systems—solar panels fitted to your roof that use sunlight to produce electricity—and the Feed-in Tariff (FIT) scheme. The FIT does not cover solar thermal systems, which are used to heat domestic hot water. Instead, these are supported through the Domestic Renewable Heat Initiative (RHI) programme.

Can a 4KW solar PV system save you money in Yorkshire?

A property in Yorkshire with a 4kW solar PV system on a south-facing roof could receive £6,220* in income and savings over the 20-year lifespan of the FIT. *Calculated using the Energy Saving Trust’s solar energy calculator using the tariff period 1 July to 30 September 2018.

Do I have to pay VAT on solar panels?

No. If your solar panels are installed on business premises and your company is VAT-registered, you will receive a VAT payment as part of your export tariff payment. You’ll need to declare this to HMRC when you file your tax returns. How do I apply to the scheme? It all depends on the size—or declared net capacity (DNC) —of your solar PV system.