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Feed in Tariff
The Feed in Tariff allows you to earn money from every kWh of renewable electricity you produce for the next 25 years. This tariff is primarily aimed at electricity generation through solar pv but also rewards other renewable technologies too. There are different tariff rates depending on the size of system you install but, you can earn up to 15% annual return on your investment. Use our cash back calculator to see how much you can earn. The current tariff rates are to be reviewed and potentially changed prior to 31st March 2012 and will continue to be reviewed on an annual basis. To ensure you get the best return on your solar system, you are advised to have a system installed before 31st March 2012
Renewable Heat Incentive
The Renewable Heat Incentive (RHI) is being brought in for commercial installs this autumn and is expected to be brought in for domestic installs in autumn 2012. The RHI will work in a similar way to the current Feed in Tariff, paying you a rate for every kWh of renewable heat you produce. The rate is currently expected to be 8.5p per kWh of energy produced. While the rate doesn’t appear as high for the RHI as the current Feed in Tariff, HiS Group are an exclusive installer of the highest rated solar thermal product in the UK. This partnership ensures that HiS can offer you a solution which provides a considerable return on your investment. Further, renewable heat technologies have the potential to impact your energy bills more significantly as they will be reducing your oil or gas bill which is considerably higher than electricity bills.
Green Deal
Green Deal is expected to be introduced in 2012 to help households raise money to reduce their carbon footprint. The exact format of Green Deal is yet to be finalised. However, it is expected to provide households with initial loans to pay for renewable installs such as solar pv, and then the loan is repaid through future energy or electricity bills over the life of the installed system. Green Deal in the UK will be a groundbreaking approach to renewable energy promotion with no other country in the world having attempted such a scheme. In theory, households will not experience higher energy bills as the renewable install will provide a cheaper energy bill and the savings made on your energy bill will be used to pay off the Green loan used to finance the install. HiS Group are preparing for Green Deal and will try to ensure all of our renewable solutions are eligible for Green Deal.
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