Today the Government has announced the long-awaited Renewable Heat Incentive, a £4.5billion scheme designed to reward homeowners and businesses when they switch to renewable energy to heat their properties.
The Renewable Heat Incentive will mean property owners will receive payment for generating ?green? heat by installing ground and air-source heat pumps, solar hot water systems and biomass boilers.
Renewable Heat Incentive (RHI) is vital part of UK achieving Carbon Reduction Targets
Making Renewable Heating such an attractive investment is part of the government?s drive towards the UK Carbon Reduction commitment to generate 15% of our energy from renewables by 2020. By 2009 we had reached just 3% so the new subsidy is hoped to have a significant impact on the way we heat our properties.
What does this really mean for UK property owners? ? Local Renewables Specialist explains
Jason Hobbins Managing Director of EnergyMyWay, a specialist renewable energy company explains the benefits for property owners.
?Under this scheme, which is funded by general tax, property owners will be paid for every unit of heat they produce from renewable technologies, so for example if you were to install an air source heat pump you may be able to claim £850 per year for 20 years.
The whole point of the incentive is to make renewable heat a very attractive alternative to fossil fuels and these figures certainly do that.
A similar scheme launched in April 2010, the Feed-in Tariff, which applies to renewable electricity such as Solar PV, has seen a huge shift in consumers? electricity usage. The government hopes the RHI will do the same for renewable heat.?
The right advice will make the difference
Property owners interested in the RHI should look for a local specialist renewable energy company, such as EnergyMyWay, who can offer advice on a range of renewable technologies, so you get the right solution for your property and the way you use it. They must also have MCS Accreditation, this is the marque of quality, approved by the government for this scheme.
For a survey of your property and detailed advice on your renewable heat options, at no cost, please contact EnergyMyWay.