Climate change and over reliance on oil and gas imports are the main reasons that the government is placing so much emphasis on encouraging the growth of renewable technologies in the UK.
To encourage businesses, schools, organisations and families to find ways of improving their own energy efficiency and use alternative fuels, there are a number of different financial incentives available.
The RHI is a government funded scheme that provides financial support to commercial and domestic clients who are using alternative methods to heat their homes.
Heating systems that are eligible for the RHI include:
Non-domestic RHI Scheme
Launched in November 2011, the Non-Domestic RHI scheme is available to commercial or public body installations or systems heating multiple domestic properties. The owner of the system receives payments for 20 years, which are index-linked to RPI.
To find out more about the Non-Domestic RHI scheme, visit the Ofgem website.
Domestic RHI Scheme
The domestic RHI scheme was officially launched on 9th April 2014.
The scheme provides homeowners with quarterly payments for seven years for heating their property. Domestic RHI tariffs have been set at a level that reflects the expected cost of renewable heat generation over 20 years.
Anyone who has installed a renewable heat technology since 15 July 2009 and meets the scheme eligibility criteria can apply for the scheme.
To find out more about the Domestic RHI scheme, visit the Ofgem website.
You can now apply for the Green Deal, which is designed to help companies and domestic customers get the financial help they need to install systems to improve their energy efficiency and reduce their carbon footprint.
Customers looking to apply for the Domestic RHI scheme will need to have had a Green Deal assessment undertaken by an approved Green Deal Assessor. You can search for a local Green Deal Assessor here.
Find out more about the Green Deal at the Department of Energy & Climate Change (DECC) website.
The Carbon Trust has a range of finance options available if you want to improve the energy efficiency of your business.
You can check your eligibility for finance through their website.
Purple Energy will assist you in finding the most cost-effective options for you and your budget, and can support you in accessing the funding that you are entitled to. Contact us today to find out more.