BCL Energy Feed in Tariff

There are 3 ways to generate income from installing a solar photovoltaic system to your property.

Generation tariff – a set amount paid by your energy supplier for each unit of electricity you generate. This is due to change each year but only for new entrants to the scheme but once you join you will continue on the same tariff (index linked) for 25 years.
Export tariff - your energy supplier will pay you no less than 3p per kWh more than what you buy from them, for each unit you export back to the electricity grid, this is the electricity you produce but don’t use yourself.
Energy bill savings– Once you start generating electricity you will be able to power your appliances, this means you won’t have to buy as much electricity from your supplier. The amount you save will depend how much of the electricity you use at home.

Below is an example of what this means to you.

On a 4kWp system we estimate your annual income and overall investment payback to be:


Investment in 4.00kWp System		£9000 - £11000
First Year:	Income from feed in Generation Tariff @ 21p/kWh	£686.15
	Income from exporting energy @3.00p/kWh	£50.64
	Electric Saving	£245.06
	Total Benefit	£981.85
Pay Back Time:		8-9 years
Total Profit over 25 years		39,532.28

Assumptions:

Exact PV subsidy figures are not possible as they depend on location and other factors regarding your property.
Our yearly PV output factors in degradation over time, this is based on industry estimates.
VAT is included (at 5% on renewable energies).
There are no shading issues affecting the photovoltaic panels.
Estimated equipment costs are estimated based on retail prices in 2011.
We assume that you pay 13.9p per unit and that around 50% of the solar electricity that you generate will be used in your home.

REMEMBER: Feed in tariffs are only granted if the work was carried out by MCS certified installers.