ABSTRACT
The Feed-In Tariff (FIT) is a UK government incentive to encourage the development of small scale renewable energy technology. FITs were initially introduced in April 2010 by the Department of Energy and Climate Change (DECC), and are effectively payments which are made for every kilowatt-hour (kWh) of energy generated from a renewable energy source. The first review of the Feed-in Tariff scheme was scheduled to be carried out in 2012 however it was brought forward by a year due to the surge in uptake which placed a huge strain on the FITs budget. Following the FITs review the Department of Energy and Climate Change (DECC) announced the first scheduled reduction in tariff rates for all PV installations with an eligibility date on or after 1 November 2012. The FITs provide two main financial benefits to the consumer: A 'generation' tariff based on total generation, and an 'export' tariff for any surplus energy produced exported into the grid.
