We’d all like to significantly reduce our energy bills and do our bit for the environment whenever we can. Fortunately, the Government has introduced several funding incentives to help us embrace and implement renewable energy solutions.

Funding incentives which enable us to benefit from affordable green technology include the Feed In Tariff and the Renewable Heat Incentive.

 

Feed In Tariff (FIT)

The Feed In Tariff scheme enables the affordable installation of solar panels and provides financial rewards for making the right environmental choice.

Benefits of this Government incentive include, making money from the renewable energy you generate with solar panels, the option to sell surplus energy back to the grid and instant reductions to your energy bills.

If you’re keen to install solar panels to lower your energy bills, then taking advantage of the Government’s Feed In Tariff will enable affordable installation whilst rewarding you for the energy you generate and use.

How it works

The Feed In Tariff incentive allows you to make money from the electricity you generate through solar panels. Your energy supplier will pay you a set amount of money for each unit of electricity you generate and use. If you generate surplus energy you can sell it back to the grid.

And should you not be able to generate enough electricity for your own personal use, you can still buy electricity from an energy supply at the normal rates. The good news is that it will be much less than you currently buy.

How you can earn money through the scheme

The Generation Tariff – enabling you to earn a fixed income for every kilowatt hour of electricity you generate regardless of whether you use it in your property or sell it back to the grid

The Export Tariff – enabling you to earn an additional fixed income for every kilowatt hour of electricity you sell back to the grid

What you need to do next

Get in touch with our helpful and knowledgeable team on 01242 370 308 to discuss solar panel installation and how to make the most of the Feed In Tariff to reduce your energy bills.

You can also find more information on the Feed In Tariff scheme on the Government website and the Energy Saving Trust website.

For up to date FIT information and current tariffs available click here. We are always happy to advise on the best solutions for you so please contact us to find out more.

Renewable Heat Incentive (RHI)

The Renewable Heat scheme enables participants with domestic and non-domestic properties to utilise green technology and reap the financial rewards over a seven year period.

Benefits of this Government incentive include, making money from the renewable energy you generate using green technology solutions such as, air source and ground heat pumps, solar thermal panels, Biomass-only boilers and biomass pellet stoves with integrated boilers, as well as reducing your energy bills.

The Government’s Renewable Heat Incentive scheme enables you to benefit from affordable green solutions to improve the energy-efficiency of domestic and non-domestic properties and reduce your energy bills.

How it works

The incentive hopes to encourage more homeowners and non-domestic sectors to embrace green technology. By doing so, participants who generate and heat domestic buildings via renewable energy are rewarded with quarterly payments over seven years. The payment amount is dependent on which green technologies you install and the latest tariffs.

Participants in non-domestic sectors, including industrial, commercial, public and non-for-profit, can benefit from the Renewable Heat Incentive for the life of the installations or up to maximum of 20 years.

Green technology solutions that improve the energy-efficiency of your building include, air source and ground heat pumps, solar thermal panels, Biomass-only boilers and biomass pellet stoves with integrated boilers.

What you need to do next

Give our friendly and helpful team a call on 01242 370 308 to discuss the installation of green technology solutions and how to make the most of the Renewable Heat Incentive scheme.

You can also find more information on the Renewable Heat Incentive scheme on the Government website and the Energy Saving Trust website.