Currently there are two main types of funding available to businesses:
The Feed-in Tariff (FiT) scheme is a government initiative designed to reward adopters of electricity-generating technologies such as Solar PV. Utility suppliers provide the payments and are required by law to do so. You can be paid for each unit of electricity your system generates, as well as receiving additional payments for electricity you generate but don’t use but instead export back to the grid. For more information and the latest tariffs, click here.
The Non-Domestic Renewable Heat Incentive (RHI) is a renewable energy grants scheme which is administered by the energy regulator Ofgem and is designed to provide long term support for a range of renewable energy products including Solar Thermal systems and Biomass boilers, as well as Air Source Heat Pumps.
The owner of the renewable installation receives the RHI payments regardless of who occupies the building and payments are made quarterly over a period of 20 years and adjusted annually in line with inflation. Visit Ofgem's website for more information on the current tariff.
If you are unsure of what your business qualifies for, give Eco NRG a call on 01548 831 890, or email us via email@example.com.