Funding for renewable energy
Get paid to go green
Stiebel Eltron's renewable technologies can bring you great savings in your energy bills. And in addition to this, government funding is available to help you implement the green solutions manufactured by Stiebel Eltron, maximising your return on investment. The main government funding schemes are:
1. The Renewable Heat Incentive (RHI)
2. The Renewable Heat Premium Payment (RHPP)
3. Feed in Tarrifs
4. The Green Deal
Our specification managers will be happy to assist you with a free consultation and desktop study on how you might benefit from this funding.
Contact your local specification manager for a free consultation
What is the Renewable Heat Incentive (RHI)?
- The Renewable Heat Incentive is a Government scheme that provides financial support to renewable heat generators with the aim of reducing UK carbon emissions from heating
- The incentive constitutes a quarterly 'tariff' payment for every kilowatt hour (kWh) of renewable energy produced, payable for 20 years
- The first stage, launched in 2011 is aimed primarily at industrial, commercial, public sector and community buildings with £860 million available until 2014
- However the Department of Energy and Climate change have announced that from 2011 domestic solar thermal, air-water and ground source heat pumps will be eligible for the Renewable Heat Premium – a one off payment worth around 10% of a typical air source heat pump installed cost (and a smaller portion of ground source heat pump cost). For more information see below
- Tariff payments for domestic properties are planned from late 2012
For detailed information on the RHI visit the Department of Energy and Climate Change website
The Renewable Heat Premium Payment
- The Renewable Heat Premium Payment (RHPP) is a one off ‘grant type’ offer to incentivise the uptake of renewable heat technologies in the period up to the formal launch of the domestic Renewable Heat Incentive (RHI) tariffs. The Renewable Heat Premium Payment scheme (Phase 2) will run from 1st May 2012 to 31st March 2013.
- The Government has launched eligibility criteria for payments. The Energy Saving Trust will administer the scheme using a voucher system.
- Customers will be required to self declare that they have basic energy efficiency measures (loft insulation to 250mm and cavity wall insulation where practical) and will be asked to complete surveys after payment.
- Customers taking up the RHPP will not be precluded from the full RHI tariff system if they satisfy all prevailing eligibility criteria for that scheme. In effect, this becomes a one-off grant scheme
- Installations must be completed by an eligible installer registered under the Microgeneration Certification Scheme (MCS). Eligible Stiebel Eltron products are detailed in the link below
- Air to air heat pumps and exhaust air heat pumps are not supported by the RHPP
Available to all households regardless of the type of heating system used
| Technology | Payment |
|---|---|
| solar thermal | £300 (voucher valid for 3 months) |
Available to homes without mains gas heating
| Technology | Payment |
|---|---|
| Air source to water heat pump | £850 (voucher valid for 5 months) |
| Ground source heat pump | £1250 (voucher valid for 6 months) |
Click here to see Stiebel Eltron products eligible for RHPP (MCS approved products)
What are Feed-in Tarrifs (FITs)?
- Launched in April 2010, the Feed-in Tariffs (FITs) scheme offers payments to those who produce electricity using technologies such as Stiebel Eltron's solar photovoltaic (PV) panels
- Any electricity you generate using the approved green technologies earns an agreed fee per unit. On top of this, any energy you do not use and export back to the grid will earn you an additional fee per unit
- FIT schemes are designed to encourage investment in small scale (less than 5MW) low carbon electricity generation schemes, particularly by organisations, businesses, communities and individuals who have not traditionally engaged in the electricity market
For detailed information on FITs visit the Department of Energy and Climate Change website
What is the Green Deal?
Due to launch in late 2012/early 2013 the Green Deal is a finance initiative in which up to £10,000 will be lent to individuals to make homes more energy efficient.
A “Golden Rule” exists for eligibility of any given measure undertaken, that savings on efficiency must always exceed the repayments on the finance. In other words because of the energy savings made due to the improvements, bills plus the monthly repayments should always be significantly less than the previous bill amounts.
The loan will be repaid over 25 years, through increments to the property’s energy bills. If the property changes hands the repayments remain linked to the meter for that address.
The bill-payer should save money and have a more energy efficient house without any large up front investment.
A wide range of efficiency measures are eligible under the Green Deal provided they meet the conditions of the “Golden Rule”. A home will be assessed to see which measures will offer the best savings and a plan drawn up and agreed between the home owner and a Green Deal Provider.
Stiebel Eltron heat pumps, solar thermal and solar pv panels, and some of our hot water products and showers may all be eligible under the green deal dependent on the cost savings they offer an individual property.
More information on the Green Deal
