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 photovoltaic (solar PV) systems.
Heat Pump grants have also been introduced by way of the Renewable Heat Incentive (RHI) for domestic users which is due to launch by Easter 2014 and will provide much larger Heat Pump grants more in line with the solar grants provided by the Feed-in-Tariff.
Renewable energy grants - the Renewable Heat Incentive (RHI)
The Renewable Heat Incentive (RHI) is a 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 ground source heat pumps and air source heat pumps.
On 12th July 2013 the Department for Energy and Climate Change (DECC) confirmed the RHI will launch in Spring 2014 and that owners of heat pumps will receive significant payment levels as a reward for adopting these renewable energy heating systems. To find out more click here.
Renewable energy grants - the Feed-in-Tariff
The Feed-in-Tariff 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.