Renewable Heat Incentive Gets The Go Ahead
In the recent spending review the Chancellor of the Exchequer confirmed the Government’s introduction of the much anticipated Renewable Heat Incentive.
- The Renewable Heat Incentive, funded from AME, will be introduced from 2011-12. This will ensure the UK meets its 2020 renewable energy targets while making efficiency savings of 20 per cent, or £105 million a year, by 2014-15 compared with the previous government’s plans
- Increased incentives for low carbon energy generation through the Renewable Heat Incentive
- £860 million of new support over the Spending Review period to support households and businesses investing in renewable heat measures
- This will provide a fantastic opportunity for consumers to benefit from the reduced costs of heating from renewable sources and reduced carbon emissions
How will it work?
- You install renewable heat systems in your property such as solar thermal panels or heat pumps
- An estimate is made about how much heat your renewable energy systems will produce
- You get paid a fixed amount based on that estimate
This scheme will be open to everyone. You may still have other costs (e.g. electricity to power a heat pump) but the RHI has been structured so that these will either be far less than or roughly the same as the payments you receive.
99% of all the heat you currently generate comes from oil, gas fuel or electricity power stations. This means that a woeful 1% comes from renewable sources. Through the Renewable Heat Incentive, the aim is to get 12% of the UK’s generate from renewable sources by 2020 which is quite a big step forward!
You will not have to worry about rising oil and gas prices and you will be sure that you are making a difference to the environment.
For more information on the renewable heat incentive visit the following website http://www.rhincentive.co.uk