Commercial Renewable Energy Grants
The UK has committed to meeting some extremely challenging renewable energy targets by 2020 and as such has introduced a number of initiatives to encourage the adoption of renewables. Solar grants have already been successfully introduced by way of the Feed in Tariff which has seen a huge rise in the number of properties and businesses installing Solar Photovoltaic (Solar PV) systems.
On the domestic side, Heat Pump grants have also been introduced, though on a slightly smaller scale by way of the Renewable Heat Premium Payment although the Renewable Heat Incentive (RHI) for domestic users which is due to follow in Summer 2013, will provide much larger grants for renewable energy more in line with the solar grants provided by the Feed in Tariff. However, commercial renewable energy grants are already available.
Commercial renewable energy grants - the Commercial RHI
The Commercial Renewable Heat Incentive (RHI) is a renewable energy grants scheme which will be administered by the energy regulator Ofgem and is designed to provide long term support for a range of renewable energy products including Solar Thermal systems and Biomass boilers as well as Ground Source Heat Pumps.
The owner of the commercial equipment receives the RHI payments regardless of who occupies the building and payments are made quarterly over a period of 20 years based on heat meter readings and adjusted annually in line with inflation.
Commercial renewable energy grants - the Feed-in-Tariff
The Commercial Feed-in-Tariff scheme is a government initiative designed to reward adopters of electricity-generating technologies such as Solar Photovoltaic (Solar PV). Energy suppliers, including the ‘big six’ will provide the payments and are required by law to do so.
You can be paid for each unit of electricity your Solar Photovoltaic (Solar PV) system generates – this is known as a Generation Tariff. Additionally, you can receive payments for electricity you generate but don’t use and which is exported back to the Grid. This is known as an Export Tariff.
For more information about commercial renewable energy grants, please give our Commercial Sales team a call on 01865 882202 selecting option 1 then option 3.