- More Information:
- Green Deal
- ECO Funding, Grants and Money
- Do you Qualify for ECO Funding
- Renewable Energy Grants
- Local Energy Saving Grants
- Other ways to support your energy costs
Renewable Energy Grants
The government schemes designed to encourage the installation of renewable energy equipment are still available. This includes products that make heat or electricity from renewable sources.
1. Domestic Renewable Electricity Production
The Feed in Tariff (FIT) scheme will pay the owners of approved equipment for each unit of electricity produced. A further payment will also be made for the 50% share of electricity assumed to be exported to the electricity grid for others to use. In addition, you can use the electricity yourself at home which means you don't have to pay anything for it.
It's unlikely that you can produce all of the electricity you need, but you can generate a significant amount. The products supported by the FIT scheme include solar photovoltaic panels, wind turbines, hydroelectric turbines and combined heat and power generators.
The tariff paid for new installations will reduce periodically as the equipment gets more efficient and cheaper to buy, but the return on investment will remain competitive. To find out the current tariff go to www.energysavingtrust.org.uk/Generating-energy/Getting-money-back/Feed-In-Tariffs-scheme-FITs
2. Local Renewable Heating
The Renewable Heat Incentive (RHI) now includes domestic installations from April 2014. This scheme works in a similar way to the Feed in Tariff by paying for every unit of heat produced. However, measuring how much useful heat has been produced is not so easy and unlike electricity, in most cases it can't be sold to someone else to use. To overcome this, only approved appliances can be used.
The scheme includes the following technologies with a payment for each kWh of energy it is deemed to produce. The payments will reduce over time but for the first year are guaranteed:-
- Solar thermal hot water: 19.2p/kWh but only where connected to domestic hot water systems
- Air-to-water heat pump: 7.3p/kWh but must be connected to a radiator or under-floor wet system
- Ground-source or water-source heat pump: 18.8p/kWh but must be connected to a radiator or under-floor wet system
- Biomass boiler: 12.2p/kWh for central heating boilers or pellet stoves with an integral boiler
You will need to have a Green Deal Assessment carried out to apply for the grant.
For more information go to Renewable Heat Incentive