Renewable energy, or green energy as it is also known, is a hot topic at present. Many UK residents are willing pay towards investment, but the Government has some hesitation.
The renewables industry has seen a strong and steady growth over the last few years, tackling climate change. Solar PV alone provided enough energy to power over a million homes.
NAPIT are working towards permanent and stable Government support for the Feed-in Tariff (FiT) which means that the Solar PV market will continue until it is cost-neutral and doesn’t need further Government support. In order for this to happen, the Government must leave the FiT scheme running with no changes in policy or legislation.
The Domestic Renewable Heat Incentive (RHI) and a £3m fund to aid low carbon heating have been introduced as Government Policy this year alone, and nearly 2,000 installers are able to install renable heat technologies. At present, 9,000 have been installed already and interest shows no sign of waning.
Other changes to the RHI would also help the renewables industry, such as third party finance to encourage new sources of investment, re-aligning tariffs and targetting installers with advanced training in renewable energy.
If the Government does announce that they will be continuing funding for the advancement of renewable energy and the domestic RHI and the FiT remains in place, there should be no reason that this increasingly developing market can’t become a strong contributor to meeting the UK’s legally binding target of 15% renewable energy by 2020.
Those installing these new systems including us here at Archway, see this is a fabulous opportunity to differentiate ourselves as industry leaders and would welcome the opportunity to take advantage of training and certification to enable us to install these technologies in our customers’ homes.
If you would like to find out more about renewable energy, talk to us at Archway. We can advise you on the best way to save money and help the environment at the same time.