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Feed in Tariff Explained
Thanks to the Government announcing its new environmentally friendly scheme, as of 1 April 2010 green energy could not only save householders money but could also make them some too!
The Feed in Tariff scheme will reward small providers of energy for any environmentally friendly energy produced.
It has become an increasing trend for Housing Associations and property developers to integrate more eco-friendly energy systems into their developments and whether solar panels, small wind turbines or even hydropower, the aim is to save on energy bills whilst reducing the carbon footprint.
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As stated by the Department of Energy and Climate Change, only 5.5% of the country’s electricity is currently coming from renewable sources. The Government wants to raise that percentage to 30% by 2020 and has been looking at incentives to encourage its development.
Rewarded for being Environmentally Friendly
Energy and Climate Change Secretary Ed Miliband announced the first of these initiatives which offers a cash bonus for all environmentally friendly energy produced. Therefore, householders will not only be saving money on their usual energy bills, but will also be rewarded for being more eco friendly.
This incentive will benefit households and communities making less that 5 megawatts of power, potentially earning them up to £900 a year on top of their energy bill reduction and profit from any surplus energy that goes back to the supplier.
Positive Impact on Low Income Areas
It is thought that this scheme could have a positive impact on low income areas, providing them with extra benefits. John Swinney, Director of Strategy and Corporate Services, said: “By utilising the feed-in tariff initiative and installing free solar technology, this programme can cut energy bills for those most in need. We are also recruiting and training renewable energy engineers directly from the local communities where the green technology is being installed”.
And in summary courtesy of Ed Miliband: “The guarantee of getting an income on top of saving on energy bills will be an incentive to householders and communities wanting to make the move to low carbon living.”
So, it would appear that going green is not as complicated as first thought, and with the added bonus of extra money benefits it would seem this is the ideal solution to help the UK through this challenging financial climate whilst also helping the environment.
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I had heard great things and wasn't disappointed. Everything was perfect and now I have hot water again!!
P De Souza - Camden |
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