Renewable Incentive Schemes – financial support for renewable installations

To help meet CO2 targets, the government initiated a range of renewable incentive schemes.

These renewable incentive schemes aim to increase uptake of renewable systems by providing a financial incentive to customers installing a renewable solution. As a result,  UK carbon emissions will reduce. In effect, consumers receive benefit for switching to a renewable solution and the government benefits as fossil fuel consumption and carbon output lowers.

Feed-in Tariff

The Feed-in Tariff provides an incentive to homes and business owners installing solar PV.

Firstly, customers benefitting from solar PV receive payment for each unit of electricity their system generates. This is known as the Generation Tariff. Secondly, the Export Tariff provides payment on excess energy sent to the grid.

Even small solar systems provide annual carbon savings in excess of a tonne.

RHI

The Renewable Heat Incentive provides a financial incentive for renewable heating systems. The scheme provides payment on solar thermal, heat pumps and biomass installations. Eligible customers receive payment for each unit of renewable heat generated.

Domestic and commercial customers can enter the RHI scheme but duration of payment depends on the type of installation. Homeowners are paid for 7 years and businesses are paid for 20 years.

Heating accounts for more than 50% of energy demand. As a result, switching to a renewable solution reduces annual carbon emissions by a number of tonnes.

MCS – Microgeneration Certification Scheme

Renewable technologies must be MCS approved and installed by an MCS approved provider to be eligible for a renewable incentive.

MCS is the governing body for the renewable industry. The scheme ensures installations and components adhere to various quality standards. MCS approved to install solar PV, air and ground source heat pumps, biomass boilers and solar thermal system, all GreenGenUK installations are eligible for government incentive.

Find further information on the MCS website.

Click the links below for more information on the Feed-in Tariff and RHI schemes.

Feed-In Tariff

The Feed-in Tariff supports businesses and homeowners installing a solar PV solution by providing payment for the renewable electricity they generated.

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