Proposed changes to RHI Schemes resurrected
Financial Incentives are available for Renewable Energy Installations
To meet obligations to reduce carbon emissions the UK Government have introduced a number of financial incentive schemes to encourage the adoption of renewable energy systems. The schemes are available for both domestic and commercial installations, subject to qualifying criteria, for a variety of technologies with schemes available for those which produce heat and those which generate electricity.
- The Renewable Heat Incentive (RHI) – available for heat producing technologies such as biomass, heat pumps and solar thermal there. Separate schemes exist for domestic and non-domestic installations.
- Feed in Tariff (FiT) – available for electricity generating technologies such as solar PV and wind turbines.
The cost of installing a renewable energy system can be high depending on technology and system size. The available incentives provide a means to finance the installation and in certain situations can be lucrative in providing attractive returns on investment.
To find out more contact Fervo Renewable Energy for an informal chat or make an enquiry.