Finance, Funding and Grants
There are a wide range of finance, funding and grant options available for renewable energy and energy efficiency. At Rainbow Renewables, we understand how difficult it can be to get projects off the ground. We are experts at guiding customers through the minefield of information, providing advice and facilitating solutions.
Types of finance options available:
- grants for capital costs;
- grants for feasibility studies;
- tax incentives;
- generation tariffs;
- low interest finance.
The best option for you depends on your timescale, technology and whether you are a domestic, community or commercial customer.
At Rainbow we are constantly in touch with public and private sector providers of finance, funding and grants. We make sure the information we have is hot off the press and that we do not miss a trick on behalf of our customers.
We are happy to help.
Please contact us for further information or assistance.
How you can benefit from the Feed-in Tariff (FIT) and the Renewable Heat Incentive (RHI).
KEY FEATURES Feed-in Tariffs and Renewable Heat Incentive:
- Earn up to 41.3p for each kilowatt hour generated
- Guaranteed investment return
- Tax free
- RHI’s last for 20 years and FIT’s last for 25 years
- Index linked
- FIT’s: PV, Wind, Hydro, Anaerobic Digestion
- RHI’s: Solar Thermal, Biomass, Ground Source Heat Pump, Air Source Heat Pump
How you can benefit from the tariffs:
Feed-in Tariffs and Renewable Heat Incentive are Government regulated payments made to the owner of a renewable energy system for every kilowatt-hour they produce. The FIT’s have been set because the UK has legally binding target under the EU Renewable Energy Directive to increase its renewable energy deployment ten-fold within the next decade. The RHI will begin in April 2011, exact rates to be confirmed by DECC and FIT’s start in April 2010.
How will you be paid?
Utility companies will be legally obliged to pay owners of renewable energy systems a set amount for the energy generated and used on site. In addition, a further fixed tariff is paid for any surplus energy that is fed back into the grid.
The benefits to owners of renewable energy systems are therefore:
1. Be paid for the energy you produce and use onsite
2. Save money by reducing the amount of energy bought from your utility supplier – Avoided Import
3. Earn a 3p bonus for any surplus energy you sell back to your utility supplier
