With the ‘climate emergency’ at the forefront of a number of government initiatives, including the zero carbon emissions scheme, there are plenty of financial incentives out there that both homeowners and businesses stand to benefit from. But what about renewable energy sources? Is now the time to invest in renewable technology and green heating? Let’s take a look.
The UK may have a little way to go to get the national infrastructure ready for a complete switch to renewable energy sources, but there are lots of green energy products that you can install in your home right now. From solar energy to air source heat pumps, there are certainly plenty of renewable technology and green heating products on the menu.
There are currently no discounts available on solar panel installation, but there is a scheme that could help you send extra electricity to the grid in return for some money. This is known as the SEG (smart export generator) initiative. Anyone who meets the eligibility criteria can apply to become a SEG. As well as Solar PV, this scheme also applies to other renewable energy sources, including hydro and wind power.
Aside from this, it’s worth checking how installations such as solar panels affect house prices or how much they can lower your energy bills. Currently, Solar PV could lower energy bills by as much as 70% and increase house prices by around £1800. However, something to bear in mind is that these figures are not a one size fits all estimation, so it’s important to get the right advice and estimations to see if the investment is worthwhile for your particular property. After all, not all properties offer the right or optimum conditions for solar power to work.
Air source heat pumps are another green heating trend. But are there any incentives to make the switch? The good news is that there is! The Renewable Heat Incentive (RHI) allows you to claim money on your heating costs if the energy is generated by an eligible heat pump, biomass boiler or solar water heating. The official government website also offers a calculator to help you easily figure out how much money you could make. So, if your boiler is over 10 years old and you’re eligible for the RHI scheme, then an air source heat pump could be a consideration for now.
Looking for a solar PV installer in Peterborough or Cambridgeshire? Bailey Electrical are fully qualified to install and offer a great level of service for businesses across the county. Contact us today to find out more.