Feed In Tariff

The Feed In Tariff Scheme (FITs) was introduced in the UK on the 1st April 2010. Its aim was to assist the government in achieving its target of producing 15% of all energy generated from renewable sources by 2020.

Fit’s is an environmental programme set up to encourage a fast, widespread take up of a range of renewable and low carbon electricity generation technologies. The Scheme offers guaranteed payments to low-carbon generators for electricity generated and exported through renewable installations.

A number of technologies are eligible and since its launch, the cost of renewable installations (specifically Solar PV) has dropped significantly. Despite Government reviews of subsidy levels, when combined with savings in electricity bills through use of electricity generated, the scheme provides a long-term return on investment.

Aside from its obvious financial reward, participants are also contributing towards an environmentally friendly solution that helps reduce the dependency on non-renewable energy, the production of carbon dioxide and other greenhouse gases.

UPL Feed-in Tariff Service Solution