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.
Domestic RHI Scheme
There has recently been a consultation undertaken regarding the Domestic RHI scheme. The government released a press release in July 2013 stating that the domestic RHI scheme is expected to launch around Spring 2014. The key points from the press release are:
To find out more about the RHI, visit the Department of Energy & Climate Change 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
Feed-In Tariffs are designed to encourage people to generate electricity through renewable sources, including Solar Photovoltaic Panels (Solar PV).
As well as giving you a premium for each kWh of energy produced and used in your home, office or building, you will also receive income from electricity being exported back to the grid.
To get more information about FITS, visit the Department of Energy & Climate Change 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 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.