Get paid for the Renewable Heat you produce.
This website explains the Renewable Heat Incentive, which is the United Kingdom's main mechanism for incentivising clean green ways of producing renewable heat.
At the moment the largest and most successful renewable heat technology is thermal solar panels which in the United Kingdom are mainly used for domestic water heating, although swimming pool heating and commercial applications are gradually also becoming popular. Solar water heating is the most popular form of renewable energy across the world and the incentive should create more renewable energy and fewer greenhouse gas emissions.
The incentive was announced by George Osborne, the Chancellor of the Exchequer, in the House of Commons as part of the Government's Comprehensive Spending Review on 20th October 2010.
The details of the Renewable Heat incentive have not yet been announced but it seems clear that:
- The incentive will apply to domestic, commercial and industrial projects
- It will not be funded by levies on heating bills
- It covers all renewable heat technologies but the feed in tariff rates for them have yet to
be "agreed" between Ministers and their civil servants
- Between 2011 and 2015 a total budget of £850 million will be available, with more than half the budget being paid in 2014/2015
The government predicts that this incentive will change the nature of renewable heat from what they describe as a fringe industry into a mainstream industry, which is right and proper considering that heat energy accounts for half the United Kingdom's greenhouse gas emissions. The government are predicting a tenfold growth over this period for businesses involved in renewable heat.
As more information is published we shall set out and explain the incentive in detail.
- The Deperatment of Energy & Climate Change
- Europe's leading solar thermal panel manufacturer
- How much you could save?
- Expert opinions on renewable energy, blog updated daily