Individuals and businesses who generate their own energy may be eligible for a feed-in tariff or renewable heat incentive. If individual buildings generate their own electricity (eg with solar panels or a wind turbine) the energy supplier might pay money back through a ‘Feed-in Tariff’ (FIT) . The Renewable Heat Incentive (RHI) helps businesses, the public sector and non-profit organisations meet the cost of installing renewable heat technologies. Householders may be eligible for a renewable heat incentive payment. Check the Energy Saving Trust website for more information.
Alternatively, individuals who are unable to generate their own energy for whatever reason, and don’t have a local community scheme they can invest in, might want to invest in community projects elsewhere. Abundance Generation has been set up to link up communities and individuals with Renewable Energy Projects and make it possible for them to share in the benefits of energy production directly. This is a regulated investment company that revolutionises the way people invest for their long term future.
Run on Sun Campaign
Run on Sun is Friends of the Earth’s campaign to make it easy for schools to run on solar power – and save bags of cash to spend on pupils. It’s about time we made the most of clean energy – so where better to start than big school roofs? Especially as solar is getting cheaper (and cheaper), making the rewards… more (and more) rewarding. Running on sun could make cash-strapped schools up to £8,000 a year in electricity savings and payments for generating clean energy. That’s more money to spend on other things like school trips and sports equipment. But financial rules means that schools can’t borrow money to pay the upfrant costs. Sign up to support the campaign or make a donation.