The Feed in Tariff (FIT) will pay you for the electricity you generate from a renewable source; principally solar or wind. The benefits are paid through:
Generation tariff: your energy supplier will pay you a set rate for each unit (or kWh) of electricity you generate. Once your system has been registered, the tariff levels are guaranteed for the period of the tariff (up to 20 years) and are index-linked.
Export tariff: you will get a further payment from your energy supplier for each unit you export back to the electricity grid, so you can sell any electricity you generate but don't use yourself. This is estimated as being 50% of the electricity you generate unless a smart meter is installed.
Energy bill savings: you will be making savings on your electricity bills because generating electricity to power your appliances means you don’t have to buy as much electricity from your energy supplier. The amount you save will vary depending how much of the electricity you use on site.
The generation tariff is reviewed quarterly and it is important to check the rate at the time of installation. See the link top left of this page for more details.