Feed in Tariffs

Coverage: Blackburn with Darwen, Blackpool, Burnley, Chorley, Fylde, Hyndburn, Lancaster, Pendle, Pennine Lancashire, Preston, Ribble Valley, Rossendale, South Ribble, West Lancashire, Wyre,

Finance Type: Energy Efficiency, Environmental, Renewable Technologies, Technology,

The tariffs are payments to anyone who owns a renewable electricity system, for every kilowatt hour they generate. They are applicable to households, businesses and, indeed, virtually any property owner.

These tariffs should cover the initial capital cost of installation and, according to the Government, earn a return up to 8% p.a. In practice that means you should earn back the capital cost at least two to three times over the duration of the tariffs.

Tariffs became payable in April 2010. All qualifying systems installed now are eligible. Tariffs are paid for 20 years, except solar systems which qualify for 25 years. Tariffs are index-linked to RPI.

Funding: Up to 41.3p/kWh in income can be obtained, depending on the type and size of the system used to generate renewable energy. Plus a minimum of an additional 3p/kWh when you export any surplus back to the grid. Larger systems (over 30kWp) may be of interest to energy companies wishing to 'buy' surplus electricity through a Power Purchase Agreement (PPA). Through PPAs, prices nearer to market values are paid for exported electricity.

Type of Funding: -

Project Timeframe - Expiry Date: n/a

Eligibility:

Disclaimer: The information above was accurate at the time of publishing. This is a constantly evolving directory and we will amend the details as and when required. Regenerate Pennine Lancashire is not responsible for the accuracy of external information.

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