finance

RBS and Natwest create £50m green fund for farmers

SunGift Solar are pleased to hear that "Agricultural businesses have been invited to apply for a new £50m green fund created by RBS and Natwest to help farmers generate energy from renewable sources, such as wind turbines and solar panels."

Renewable Heat Incentive announcement

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The £860 million Renewable Heat Incentive, announced today by the government, is good news for householders and businesses that choose to switch from traditional heating to technologies such as solar thermal panels, ground source heat pumps, and wood chip burners. For the first time ever, householders, businesses and schools will be able to make money from heating their properties. This makes fitting renewable energy to your property not only much more attractive, but very affordable.

Scottish and Southern Energy to raise gas bills by 9%

Scottish and Southern Energy (SSE) is putting up its domestic gas tariffs by 9.4% at the start of December.

The company, one of the UK's biggest energy suppliers, said the rise would affect 3.6 million customers.

The company blamed the increasing wholesale cost of buying gas which it said had gone up by 25% since March this year.

The company said it was sorry that the higher bills would come in during this winter.
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Funding Cull for Renewable Heat Technology

The Solar Trade Association (STA) have expressed dismay that funds in the Low Carbon Building Programme (LCBP) programme (Phases 1 and 2) are set to expire within the next 2 months, a full 10 months ahead of the introduction of the Renewable Heat Incentive (RHI), which could lead to job losses and bankruptcies within the renewable heat industry.Currently, the Low Carbon Building Programme Parts 1 and 2 provides grants to householders and public sector buildings to encourage the uptake and installation of renewable heat technologies including Solar Thermal technologies.

Ed Miliband Unveils 'Green Loan' Energy Plan for Homes

Plans to encourage householders to make their homes much warmer and cheaper to run have been announced by ministers.
Consumers will be offered long-term loans to install insulation, solar panels or other green technology, which they can repay through energy bills.
The government wants to save 29% of carbon emissions from UK homes by 2020.
Energy Secretary Ed Miliband said the scheme would lower energy costs but campaigners say not enough is being done in the short term for renters.

How to gain 8pc tax-free returns and boost your house price

Householders will soon be able to enjoy tax-free returns above 8pc, add to the value of their property and do their bit to help the planet.

Perhaps it was inevitable that Britain would experience the coldest winter in decades as political bigwigs returned from the Copenhagen summit on global warming. But, despite falling temperatures and rising scepticism, it seems householders will soon be able help the environment and gain electrifying returns.

Blueprint published for world first Renewable Heat Incentive scheme

The Department of Energy and Climate Change today published plans for a scheme to incentivise renewable heat generation at all scales. The Renewable heat incentive scheme (RHI) will be a world first.

The RHI will come into effect in April 2011 and guarantee payments for those who install technologies such as ground source heat pumps, solar thermal hot water systems, biomass boilers and air source heat pumps.

Feed In Tariff Rates Announced!

Energy and Climate Change Secretary Ed Miliband today announced the feed-in tariff (FITs) levels and also published a blueprint for a similar scheme to be introduced in April 2011 to incentivise low carbon heating technologies. The renewable heat incentive (RHI) will be a world first.

The schemes are designed to bring about a significant increase in the amount of locally produced green energy, as a contribution to the wider shift of the energy mix to low carbon.

Tariffs to be exempt from income tax

We are pleased to confirm, following today's Pre-Budget Report, that earnings from the tariffs will be free of income tax for householders who install systems for their own energy production.

Extract from Chancellor's speech:
"From April, people with a home wind turbine or solar panels who plug their excess power into the national grid, will receive on average £900 a year.
I intend to make this payment tax free."

Extract from Pre-Budget Report:

Fear of 'huge' energy bill rises

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Domestic UK energy bills could rise by 60% by 2016 in a worst-case scenario identified by the energy regulator.

However, most other estimates outlined in the Ofgem report would see prices rise between 14% and 25% above inflation by 2020.

The review also said that up to £200bn of investment was needed to secure supplies and to meet carbon targets.

Volatile gas markets and power stations nearing the end of their use were the chief concerns, the regulator said.