Many domestic renewable energy installations do not cover the total electricity requirements of the property, so you may not believe that there is the opportunity to sell renewable energy to an electricity supplier. In fact new feed-in tariffs allow you not only to sell renewable energy which is not required in your home, but also to get paid for the electricity you use yourself!
This incentive is designed to reward homeowners for generating clean renewable electricity. The initial rate at which you can sell renewable energy has been set is 41.3 pence per kilowatt hour for all electricity generated by your system. In addition, you will be paid a further 3 pence per kilowatt hour (44.3p per kilowatt hour) for electricity exported to the national grid. If you sell renewable energy in this way, the income is guaranteed for 20-25 years, rates are index linked to inflation and the income is tax free.
In addition to the opportunity to sell renewable energy in this way, don’t forget about Renewable Obligation Certificates which are awarded according to the amount of power you generate. Go to our Electricity Feed-in Tariffs page for more information on this which will offer greater security if you wish to sell renewable energy.
Source: www.est.org.uk 2010
