Government Incentives supporting Solar PV
The government supports solar panel installation through the Feed-in Tariff (FIT), which pays owners of solar panels for every unit of electricity they generate and in addition pays for the exported electricity you don’t use (assumed at 50% and monitored via the export meter).
Feed in Tariff
20 years. Tax Free income payable every 3 months
Use 100% on the energy generated from the solar system
You will be paid for any energy you don't use. Based on 50% for domestic households
10 facts about Solar Incentives
Your earning broken down
Detail your services
The Feed In Tariff Explained
How do I receive the payments?
When we install the Solar PV system we fit a generation meter which measures the kilowatt hours produced during daylight hours, so it is easy to see how much money you are making. In order to claim the payments all you have to do is give a quarterly meter reading to your electricity supplier and they will make the payment directly into your bank account or an alternative bank account nominated by you. This could be a relative such as a child or grandchild. You will also receive a quarterly statement. An example statement can be seen below.
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