Tariffs have been introduced as an incentive to accelerate investment in renewable technology . The long term benefits are proving to be a lucrative payment system, whichever technology is installed. Since their introduction, both the Feed-in-Tariff and ROCs have undergone several revisions, and the renewable heat incentive is now in place for non-domestic buildings, with the domestic version due to come into place in Spring 2014. Below are the most recent tariff figures as issued by government.
The FIT is the most high profile tariff in place. There are over 380,000 solar pv systems alone now benefitting from feed-in-tariff income. It is a long-term legislated Government incentive to motivate homeowners and industry to generate their own electricity.
The Renewable Heat Incentive (RHI) is a UK Government scheme set up to encourage uptake of renewable heat technologies among householders, communities and businesses through the provision of financial incentives. The UK Government expects the RHI to make a significant contribution towards their 2020 ambition of having 12 per cent of heating coming from renewable sources. The Renewable Heat Incentive is the first of its kind in the world
This is a UK Government scheme designed to help you afford renewable technologies for your home, such as: solar thermal panels heat pumps ( air to water, ground source or water source but excluding air to air and exhaust air heat pumps), and biomass boilers.