45 GUIDE

Expired Schemes: Domestic RHI and Feed-In Tariff (FIT)

While the Domestic Renewable Heat Incentive (RHI) and Feed-In Tariff (FIT) schemes have expired, it’s worth mentioning them as they were significant incentives for homeowners to switch to renewable energy.

The Domestic RHI allowed homeowners to save up to £2,981 on solar thermal panels. This scheme provided payments over a period of 7 years, helping homeowners recoup the costs of their installations. Solar thermal panels utilize sunlight to heat water, making them an excellent option for central heating systems and supplying hot water to taps and showers.

The FIT scheme, on the other hand, rewarded homeowners for generating electricity through solar panels or wind turbines. Homeowners received payments for each unit of electricity they produced and for any excess electricity they sold back to the grid. While the FIT scheme is no longer open for new applications, those who are already registered continue to benefit from it for a total of 20 years from the date of registration.

The Future of Renewable Energy Grants

As the UK continues to prioritize renewable energy and carbon reduction, the government is introducing new schemes and initiatives to support homeowners. The Clean Heat Grant and Green Gas Support Scheme are two upcoming programs that aim to replace existing schemes and provide upfront funding for integrating green heating technologies and increasing the amount of green gas in the national grid, respectively. These programs will offer homeowners additional opportunities to switch to renewable energy and contribute to a more sustainable future.

It’s important to stay updated on the latest government announcements and changes to grant programs. Regularly checking official government websites, such as the gov.uk business finance and support finder, can provide valuable information on available grants and support schemes. Additionally, energy suppliers may offer their own energy-efficiency schemes or grants, so it’s worth contacting them to explore any potential opportunities.

Switching to renewable energy is not only beneficial for the environment but also for homeowners’ wallets. By taking advantage of grants and schemes, homeowners can significantly reduce their energy consumption, lower their carbon emissions, and save money on their energy bills. From the Green Deal to the Smart Export Guarantee and reduced VAT rates, there are various avenues for homeowners to explore when considering renewable energy upgrades.

It’s crucial to conduct thorough research and ensure eligibility for specific grants and schemes. By staying informed and taking advantage of available support, homeowners can make their homes more energy-efficient, contribute to a greener future, and enjoy the financial benefits of renewable energy.