Solar Panel Fit Payments

We buy your solar allows you to sell your solar pv system feed in tariff for a cash lump sum and still keep all of the free electricity you generate.

Solar panel fit payments.

The scheme closed to new applicants at the end of march 2019. When a property with a solar installation is sold the equipment and the associated fit payments are sold along with the home. This is called a feed in tariff fit. So switching energy supplier with solar panels doesn t need to affect your fit contract at all.

Important information about fits closure and future applications. You can apply to get payments from your energy supplier if you generate your own electricity for example with solar panels or a wind turbine. You can have separate contracts for your energy supply and your fit payments. Solar panels will most likely be classified as fixtures and in normal circumstances would be included in the house sale.

Under fits householders receive payments for the electricity generated by eligible installed systems like solar pv wind or hydro turbines or micro chp. If your installation was fitted after 15 july 2009 and has a declared net capacity of 50kw or under it must be mcs accredited to qualify for fit payments. For more information on the fit scheme see our about the fit scheme page. If you re moving into a property with a renewable heating system already accredited to the domestic renewable heat incentive rhi scheme and you want to take over the domestic rhi payments from the previous owner you have 12 months from the date of sale of the property and renewable heating system to apply to the scheme.

Fit payments are made based on meter readings taken from compliant metering and submitted to the elected fit licensee. However unlike the fit scheme which paid households for all electricity they generated and exported the new seg rules will only provide payments for the electricity you export. To see if solar panels are worth getting in the meantime see solar panels are they worth it. With up to 15 000 paid for well performing systems if you sell your solar you could pay for new home improvements a wedding education costs or an amazing holiday.

So the solar panels have to stay put on the roof. The company that pays your subsidy is known as your fit licensee and they don t need to be the same as your energy supplier. Under the new rules payments won t start until 1 january.