Financial benefits for owners and occupiers
The Feed-In Tariff (FIT) is a (modest) financial incentive payable to the owner of the PV panels. The FIT varies according to the size and the date of the PV installation, and is fixed (plus inflation) for 20 years. Since the present government is reducing this financial incentive over a continuing period, the main value of the PV is the savings that will be made on the electricity costs over the life of the installation. This is usually around 35 years for commercial installations.