What is a feed-in tariff or FiT?
The Feed-in Tariff (FiT) – known as the ‘Clean Energy Cash-Back Scheme’ in the UK – is a Government-backed scheme that pays you for producing renewable electricity. There are two ways that the tariffs can help you make money from generating your own energy: Generation Tariff – This FiT provides a fixed income for every kilowatt hour (kWh) of electricity you generate and use in your property. The current FiT rate in the UK is 41.3p per kilowatt hour of energy produced. The Export Tariff – Any extra energy you generate can provide you with an additional fixed income for every kWh of electricity you generate and sell back to the grid.
