Government Incentive Schemes
In order for the government to their targets - 15% of energy consumption to come from renewable sources by 2020, they have developed a number of incentive schemes to encourage renewable energy production in the UK.
The government needs homeowners and businesses to install renewable energy systems to help our country achieve its reduced carbon emissions targets and improve our energy consumption from clean, green energy sources.
There are currently several incentives which the government have introduced or about to introduce to help encourage our population to get involved.
The Feed-in tariff was the first of the incentives released in April 2010 and is still available for homeowners and businesses to be paid for the electricity they generate for 20 years, tax free!
The RHI (Renewable Heat Incentive) is live for commercial tenants and due to be released in 2013 for the domestic sector. The RHI pays you for the heat you produce from your renewable technology.
The Green Deal is due to go live later this year - a finance mechanism making energy saving measures available at no upfront cost.