A Hot Topic: a look at the feed-in-tariff scheme

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A Hot Topic: a look at the feed-in-tariff scheme

In these increasingly cost-conscious times, businesses are considering ways to improve revenues. One recent development which has the additional benefit of being “green” in this equally eco-conscious climate is the feed-in-tariff scheme (FITS).

This came into force on 1st April 2010 and requires electricity suppliers to pay small-scale generators (whether businesses, landlords or private house-holders) for electricity they produce from renewable sources whether on commercial or residential property meeting the following criteria:

• generation of no more than 5 mW of electricity from solar photovoltaic cells (solar panels) or wind or hydro power or anaerobic digestion or micro combined heat & power (“the installation”)

• the installation is accredited and registered in the central FITS register

• the FITS generator must “own” the installation

Read More: http://www.pitmans.com/news/a-hot-topic-a-look-at-the-feed-in-tariff-scheme

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Richard Milner | Attorney Advertising

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