Feed in Tariffs (FIT): why choose us?
This is a new ‘clean energy cash-back’ scheme where people will be paid for generating their own electricity from low carbon sources reducing the payback for investment considerably. A feed-in-tariff is a rate per kWh that your electricity supplier must pay you for generating electricity up-to 5 megawatts from a renewable source. Such renewable sources can be anything from a solar rooftop panel system to a wind turbine. This rate is paid regardless of whether you use the electricity yourself or export it to the national grid.
Therefore on top of this rate you will either get 'free' electricity or a 5p export tariff (per kwh) paid to you by the electricity company. A typical 2.5Kw well sited solar panel could earn a home owner up to £900, on top of £140 reduction on house hold energy bills yearly.
This is tax free income for a household from the Generation tariff, Export tariff and reduction in current electricity bills. If you sign up for feed in tariffs in 2010-11, you will receive the feed in tariff at the level agreed for the full term (20-25 years). However if you signed up in 2011-12, a regression would be applied to your tariff and furthermore the tariffs are subject to periodic reviews the first one is expected in 2013. So get in early!
Renewable Heat Incentives (RHI)
This will be a new ‘clean energy cash-back’ scheme where people will be paid for generating heat from low carbon sources and will come into force April 2011.
In February 2010, the Government published its outline plans for how the scheme will run. Installations made from now on will be able to claim the incentive as if they had been installed on day one of the tariffs - so don´t delay plans to install renewable heat.
Boiler Replacement:
£400 for households to upgrade old boilers to the latest efficient models with a greener boiler
Warm front – for Insulation:
Helps qualifying households with heating and insulation
‘Green’ Loans - Funding from Private Sector Investors
‘Pay as You Save’ green finance scheme will allow people to use part of the money they save on bills or revenue from small-scale renewable, to pay back the loan for the eco-upgrade.
Private sector investors will receive a return from the feed-in tariff element because they provide the funds for investment. There is no cost to the tenant and no investment required!
Property Assessed Clean Energy Bonds
Look out for more details soon…
Improving energy efficiency through better insulation amongst other things and installing local micro-generation systems will ultimately add value to your building. RICS is working with Government with a view to ensuring the energy performance of buildings is better reflected in its market value.
