In this article I will be detailing exactly what the Green Deal is and the Government's new RHI (Renewable Heat Incentive) for domestic customers due to be launched in the Spring of 2014.
The Green Deal
Firstly, lets have a look at the Green Deal which is the new way to make energy saving improvements in your property. The idea is straightforward, to install new energy efficient technology into your property with no upfront costs. You will pay back the costs through savings from your energy bill which is known as the ‘Golden Rule’. Therefore, the loan is not tied to a particular person but is linked to the property.
With the increase in energy prices there has never been a better time to invest in the efficiency of your home. Also, cashback of up to £1000 is available for improvements, this is only available for a limited time period. Did you know that if you have uninsulated walls or lofts there are grants available? In many cases you will not need to pay for the measure(s) at all. This could save you up to £500 a year!
The Renewable Heat Incentive (RHI)
The Renewable Heat Incentive (RHI) is the world’s first long-term financial support programme for renewable heat. The Government scheme was initially launched in 2011 for the non-domestic sector, which provides payments to industry, business and public sector organisations. They have now set out plans for a similar scheme for homeowners, to be launched in the Spring of 2014.
The RHI pays participants of the scheme that generate and use renewable energy to heat their properties. By increasing the generation of heat from renewable energy sources, the RHI helps the UK to reduce greenhouse gas emissions and meet targets for reducing the effects of climate change.
Click Green Deal for more information and to discover how you could start saving and making money, and be kinder to the environment.