October 21 2014 Latest news:
Ben Woods, Business writer
Wednesday, April 9, 2014
Norfolk homeowners are being offered a financial sweetener to make the switch from oil to renewable energy.
The domestic Renewable Heat Incentive (RHI) has been launched by the government to encourage people to invest in clean energy by off-setting the cost of installing a low-carbon system in their home.
The programme – hailed as a world’s first – can be used to fund a range of different technologies, including: biomass heating systems, air source heat pumps and solar thermal panels.
It comes after Norwich-based green energy firm Mr Renewables launched a new showroom in the city last week fuelled by an upsurge in people installing solar panels and biomass boilers on their homes.
Greg Barker, minster for energy and climate change, said: “Not only will people have warmer homes and cheaper fuel bills, they will reduce their carbon emissions, and will also get cash payments for installing these new technologies.
“It opens up a market for the supply chain, engineers and installers – generating growth and supporting jobs as part of our long-term economic plan.”
The scheme is open to homeowners, social and private landlords, people who build their own homes, and households which are on and off the gas grid.
It is designed to bridge the gap between the cost of fossil fuel heat sources and renewable energy, the government said.
The guaranteed payments are made quarterly over seven years for households in England, Wales and Scotland.
• For further details about the scheme including eligibility criteria and how to apply visit www.ofgem.gov.uk/domestic-rhi.