Recent reports may have raised your hopes that the Feed-in Tariff (FiT) wasn’t quite over, or may be experiencing a revival.
Unfortunately, we’re here to explode that notion. The FiT ended in March 2019 for homeowners, and that hasn’t changed.
So what has changed?
Earlier this year, after COVID-19 became a pandemic, the government entered The Feed-in Tariffs (Amendment) (Coronavirus) Order 2020 into law.
This gave community solar projects another 12 months in which they could register for the FiT, and also offered this extension to any community projects with preliminary accreditations that expired on or after March 1st 2020.
This update came into force on March 31st 2020.
Why aren’t homeowners affected?
Community projects were allowed to pre-register – or, to put it another way, attain pre-accreditation – before March 31st 2019.
After that date, they had a ‘validity period’ to make sure the project was completed, and the relevant paperwork was filled in and filed.
Homeowners, on the other hand, had until March 31st 2019 to complete the entire solar installation and jump through the various bureaucratic hoops.
There was no validity period, so all FiT homeowner installations were completed by the end of March 2019, a year before the pandemic hit.
Some may disagree, but from the government’s point of view, there was no need for an extension.
Is there any consolation?
Absolutely – and it’s called the Smart Export Guarantee.
Since January 1st 2020, this initiative has compelled all large energy companies (those with at least 150,000 customers) to pay households for any solar-generated electricity they send back to the National Grid.
The exact rate varies depending on the supplier, as all the government demands is that it be more than zero.
So get in touch with your energy supplier, and ask how they’ll offer you. You could make as much as 5.6p/kWh, which is good money for spare power.