How does the Feed-in Tariff Scheme work?
Once your renewable energy technology has been installed by an MCS-accredited technician, you can apply for FiT payments through your energy provider.
Larger suppliers, including the ‘Big Six’, are required by law to take part in the scheme, although lots of smaller suppliers have signed up too.
A limited number of applications are accepted each quarter. It’s called a ‘deployment cap’. So even if you’re eligible, you might not be accepted if the quota has already been reached.
Payments are usually quarterly and are based on the meter readings you submit to your energy supplier. If accepted, you could receive payments for up to 20 years – 25, in some cases.
If you have a smart meter, your readings will be automatically sent to your energy supplier. If you don’t have a smart meter, you’ll need to have three different electricity meters to measure the three types of energy flow: generation, import (you’ll already have this one to pay your energy bills) and export.