Energy Efficiency and Renewable Energy Funding
A good place to start is by contacting your current energy provider as they may have energy efficiency schemes and grants available to their customers. There are a number of other sources of funding for property level energy efficiency measures and renewable energy technologies.
The Green Deal is a Government energy efficiency scheme which allows people to pay for energy efficiency measures through savings on their energy bills. A green deal assessment must be carried out by a Green Deal Assessor to determine what energy efficiency measures are required and the cost of the proposed measures. The Green Deal is essentially a loan with interest added however repayments are attached to the electricity meter and will not make your electricity bill increase. Your electricity bill should stay the same or be less due to all the new energy efficiency measures installed. The Energy Saving Trust and Gov.ukhave more information on the Green Deal. The Green Deal is open to homeowners, landlords and tenants as well as businesses.
ECO, or Energy Company Obligation is designed to support low income and vulnerable households as well as hard to treat houses where the expense of implementing measures would not be recouped via the Green Deal and through energy savings on bills. The Energy Saving Trust provide free impartial advice and will be able to assess whether you meet the ECO eligibility criteria. You can contact them on 0300 123 1234 (Freephone). Alternatively you can contact your energy supplier directly to see if you qualify for ECO. Not all energy suppliers have ECO obligations. Those that do are:
- British Gas
- First Utility
- Scottish Power
- Scottish and Southern Energy
More information from OFGEM (external link).
Renewable Heat Incentive
The renewable heat incentive or RHI is a UK Government scheme whereby households and businesses are paid a financial incentive for generating heat from renewable sources such as biomass or through solar thermal. It has been set up to encourage the take up of renewable heat technologies. The RHI has a non-domestic and domestic scheme. The domestic scheme guarantees a payment for every kWh of renewable heat generated for 7 years for the following technologies:
- Biomass (wood fuelled) boilers
- Biomass pellet stoves with integrated boilers which provide space heating
- Ground to water heat pumps
- Air to water heat pumps
- Solar thermal panels – flat plate or evacuated tube only which provide hot water for your home
The non-domestic RHI scheme guarantees payment for every kWh of renewable heat generated for 20 years for the above technologies and also biogas and energy from waste.
Feed in Tariff
The Feed in Tariff (FIT) Scheme offers financial incentives for 20 years for generating electricity from renewable sources such as solar photovoltaic (PV) panels or wind turbines. It is open to businesses, householders and landlords and payment is made for every kWh of electricity generated even if the electricity is used in the building. You will also save money on your electricity bill as you will be using the electricity that you have generated. Technologies included in the scheme are:
- Solar PV
- Wind turbines
- Micro hydro
- Micro CHP
To claim the feed in tariff the chosen technology must be installed by a registered MCS installer and for solar PV, the property must have an energy performance certificate (EPC) of a band D or above. More information from The Energy Saving Trust.
Nest is Welsh Government’s fuel poverty scheme which aims to reduce fuel poverty by making homes more energy and fuel efficient. A whole house assessment is carried out to determine which energy efficiency measures are suitable. Advisors can also provide information on fuel tariffs, money management, income maximisation and eligibility of other home improvement schemes. Nest’s advisors can be contacted on 0808 8082244 (free from landlines and mobiles) or you can visit their website.
Funding for the Private Sector
Houses into Homes’ Empty Property Loan Scheme
This covers the entire County Borough and is aimed at bringing long term empty properties (empty for six months or more) back into use for residential use. It can be used to convert long term empty commercial properties into residential use subject to planning approval. The maximum loan is £25,000 per unit (maximum of 6 units per applicant) and is repayable over 2-3 years. Upon completion of the works, owners would be expected to either let or sell the property.
Private Sector Improvement Loan Scheme
This scheme is coming soon and will also cover the entire County Borough. It is aimed at improving housing conditions in the wider private sector including private rented and owner occupied. The maximum loans will be £25,000 per unit (maximum of 6 units per applicant) and repayable over 2-3 years. As a minimum loans should ensure that any identified hazards (Category 1 Housing Health & Safety Rating System) are addressed, but additional works can also be done including energy efficiency measures.
Vibrant and Viable Places (VVP) Empty Property Loan Scheme
This operates in the same way as the ‘Houses into Homes’ but is limited to the area identified within the VVP project only.
VVP Private Rented Sector Loan Scheme
This will operate in a similar way to the ‘Private Sector Improvement Loan Scheme’ but will be in the first instance limited to the private rented sector only. It will be limited to the area identified within the VVP project only.
For more information please call the Housing Department on 01978 315300 or email email@example.com