Since it’s launch in April 2010, the successful Feed in Tariff (FIT) scheme has made it much easier and cheaper for the owners of over 1 million solar installations in the UK, which has had the intended knock-on benefit of delivering a lot more clean energy.
However, the subsidy from the government is coming to an end, so if you are interested in solar pv, it’s best to invest now, before the FIT goes away.
The FIT scheme is ending sooner than originally expected, due to government cuts, but also influenced by technological advancements in solar energy and the reduced costs of solar panel installations.
The deadline to take advantage of the FIT scheme is the end of March 2019.
Get on board before the deadline and FIT will continue to pay you for generating your own sustainable, clean electricity for the next 20 years, and you’ll make a profit on the surplus electricity you produce, by selling it back to the national grid.
The FIT incentive has been an excellent way to encourage people to use solar power and become more environmentally responsible, but the government are no longer in a position to continue with the FIT.
Secure your FIT payments for the next 20 years, the deadline is fast approaching, so if you are considering investing in solar pv please do not hesitate to get in touch with us. We’ll be happy to advise!
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