Sell Your Electricity Back

Despite the tariffs recently changing, the new tariff still presents an excellent investment opportunity. If you have Solar PV panels installed in your home, you can save and make money from simply using the electricity you produce and selling any surplus back into the grid. This feed-in tariff, as far as PV (photovoltaic) solar panels are concerned, will result in a tax free and index linked payment of 21p paid for each unit of electricity your home system is capable of generating, plus an additional 3.1p per unit for energy fed back in the national grid.

Without smart meters, it is not currently possible to measure exactly how much energy is being exported back to the national grid; it has been agreed that 50% of the energy generated by your system will be deemed to be exported back to the grid.

What does this mean? For example, if you have a 4kW system installed, this will produce around 3600 kWh hours of electricity per year which will generate AND save you money:

• 1st Year Income from Feed in Tariff = 3600 x 21p = £756 for 50% deemed exported
• Plus 3.1p for 50% of what is deemed to have gone back into the grid = £55.80
• Fuel Bill Savings = 12p x remaining 50% electricity produced = £216
• Total Income & Savings = £1027.80