UK Government Calculation:
From: | To: |
The UK Government Solar Calculator estimates potential savings from solar panels and battery storage using the Feed-in Tariff (FIT) rates. It helps homeowners understand the financial benefits of renewable energy installations.
The calculator uses the UK government formula:
Where:
Explanation: The equation calculates potential savings by multiplying the amount of electricity generated by the tariff rate paid for renewable generation.
Details: Accurate savings estimation helps homeowners evaluate the return on investment for solar panel and battery installations, and understand payback periods.
Tips: Enter your estimated annual generation in kWh and the current FIT rate in £/kWh. Both values must be positive numbers.
Q1: What is the Feed-in Tariff (FIT)?
A: FIT was a UK government program that paid homeowners for renewable electricity generated. While now closed to new applicants, existing installations still receive payments.
Q2: How do I estimate my solar generation?
A: Generation depends on system size, location, roof orientation, and shading. Installers typically provide estimates.
Q3: Are there other savings besides FIT payments?
A: Yes, you also save by using generated electricity rather than buying from the grid (offsetting import costs).
Q4: How accurate is this calculator?
A: It provides basic estimates. Actual savings may vary based on usage patterns, system performance, and energy prices.
Q5: What about battery storage savings?
A: Batteries can increase self-consumption of solar energy, but require additional calculations beyond this simple FIT estimate.