Feed-in Tariffs (FITs) offer several key benefits, including a secured income over 20-25 years of electricity generation and a secured export rate of 3p/kWh over 25 years, with the remaining rate changing over time. They also help offset grid-supplied electricity costs, with OFGEM forecasting a 40% increase in cost over the next decade (average cost to be over 20p/kWh in 2020). A typical homeowner can expect to achieve an average Internal Rate of Return (IRR) of 7-9%, with higher levels achievable when combined with grants or for particularly efficient systems/locations.
