Here at the Eco Renewables Group, we are solar power experts. From supplying and installing full solar power systems, to repair and maintenance, we have you covered. But one of the questions we are often asked is in regards to energy suppliers. Many homeowners feel that because you have a Feed In Tariff (FIT) Contract with one company, that means you can no longer switch energy providers. This simply isn’t the case. As a result, we have produced this guide to energy suppliers and solar panels.
The FIT contract
The Feed-In Tariff is determined by the government, and is simply a subsidy paid out by the top energy companies. This company will become your FIT licensee, and it does not need to be the same company that provides your energy. You can have two separate contracts, one for your energy supplier, and one for your FIT payments. As a result, switching your energy supplier will have no bearing on your FIT contract.
FIT payments
FIT payments are just a standard contract set by Ofgem. This means that you dont need to shop around for different FIT payments from different companies, as there will be no difference in price. However, thee can be big price differences between energy suppliers, and this is what you should take into consideration when choosing a supplier.
Which energy providers pay Feed-In Tariffs?
All of the top six energy companies are legally required to offer FIT contracts. These include, British Gas EDF, E.ON, Npower, ScottishPower and SSE. Many smaller companies also offer FIT contracts too.
For more information or advice, get in touch today, with the experts here at the Eco Renewables Group.
