victoriaw wrote:buzzybee21 wrote:While the feed in tarriffs are a positive move from the government, you will be able to gain more by using what you generate instead of shipping it into the grid.
That always used to be the case, but not strictly true any more. I've just been reading about this and the feed-in tariffs are a lot more generous than I first thought. I saw the 3p/kWh figure but that is for existing schemes (who benefited from capital grants).... New ones can actually get 30-40p/kWh depending on technology..... So it actually makes more sense to export as much as possible as you can buy in normal electricity at around 10p/kWh.... (Although from an environmental point of view you should use as much as possible at the point it is generated to avoid transportation losses... )
You achieve the feed in tariff rate of up to 41.3p/unit (domestic rate) whether you use the electricity yourself or export it to the grid. Where you make the return on your costs is using the electricity yourself saves you the 10p/unit that you would normally pay to an energy supplier while they would only pay you 3p/unit if you export. So export at 3p but spend 10p or avoid spending 10p (net saving of 7p for every unit you can generate yourself) plus 41.3p from the government via the supplier. It's a bit bizarre and I find it difficult myself but the point I was trying to make was every little you can take off your bill is hugely beneficial, especially as the cost of energy is only going up!