Feed-in Tariffs, also known as The Clean Energy Cashback Scheme, are part of a policy introduced in 2010 in the UK to encourage home owners and communities to use renewable or low carbon energy. This plan was announced in October 2008 by Ed Milliband – then UK Secretary of State for Energy and Climate Change – in addition to the already existing renewable energy quota scheme.

Under the scheme, energy suppliers are obligated to make regular payments to householders and communities who generate their own electricity through renewable or low carbon sources.

The scheme covers these electricity-generating technologies – up to an installation size of 5 Mega Watts:

• Solar electricity (PV) (roof mounted or stand alone)

• Wind turbine (building mounted or free standing) 소액결제현금화

• Hydroelectricity

• Anaerobic digestion

• Micro combined heat and power (micro CHP) (limited to a pilot at this stage)

There are three financial benefits to the Feed-in Tariffs. Firstly, you receive a payment for all the electricity you produce, even if you use it yourself. Next, you will get additional bonus payments for electricity you export into the grid. And finally, there is a reduction on your standard electricity bill, from using energy you produce yourself.

What are the advantages of renewable energy?

Obviously we all know by now that renewable energy is better for the environment as part of a long term plan. It produces little or no waste such as carbon dioxide or other chemical pollutants.

Another advantage is that it will never run out. There will always be wind and sunlight. If we start to make the change to renewable energy now, we won’t have to panic just before we run out of oil!