What Are The Best Green Energy Funding Options Available?
For many people, choosing to switch to renewable green energy can be a struggle to consider due to financial restraints. Indeed, it is a common thought among most families that choosing to turn to green energy can cost more in the long run than sticking to their current systems. If financial restraints are holding you back, you may want to consider some of the green energy funding options that are available from the government.
Government Energy Saving Commitments
When thinking about improving our homes energy consumption or reducing the money we waste on energy each year, very few people think of or know about the multiple schemes in place that can offer grants and loans to those in need of financial assistance. The UK Government has a commitment to the reduction of greenhouse gases and helping people to improve energy efficiency in their homes under the Energy Company Obligation (ECO). This scheme will run through to March 2017. Under ECO, there are three branches of obligations that the government must meet:
– Carbon Emissions Reduction Obligation
Provides measures for cavity wall, underfloor, solid wall and loft insulation, district heating systems, and other measures including double glazing.
– Carbon Saving Community Obligation
Provides insulation measures for communities that are in specified areas of low income where suppliers must meet 15% of their obligation through instaling these measures in specified rural areas.
– Affordable Warmth Obligation
Supports low-income consumers who are most vulnerable from cold homes, and provides further heating and insulation measures for consumers in private accommodation. All of these obligations are funded and met by various energy suppliers across the country. Each supplier chooses where their investments go, however they are always for the measures stated above and for the implementation of Green Deal assessments across the country to begin improving on carbon emissions while keeping low-income families warm and comfortable. Across Scotland, there are further measures available for green energy funding, including but not limited to the HEEPS scheme. The first step in understanding your energy situation, however, is by investing in a green deal assessment Scotland.
Green Energy Solutions From Green Deal Assessors
One of the best ways to obtain funding is firstly by knowing what areas of your home require improvements before applying for green energy funding. A Green Deal assessment Scotland can help you to understand your energy saving requirements better. Our registered Green Deal assessors Glasgow are able to assess your property to find renewable energy measures you can take to not only improve upon your household bills but also improving your greener energy consumption rates and contribute fewer greenhouse gases. A green deal assessment is a key step in gaining information from a professional about the opportunities available to you, or advice as simple as switching to energy-saving lightbulbs and improving your underfloor insulation Edinburgh. Most importantly, however, at DMS Installers we provide our Green Deal assessments with advice on how to save you money through green and renewable energy funding.
Home Energy Efficiency Programmes Scotland (HEEPS) Loans
The Scottish Government has been committed to providing renewable energy funding for Scotland in the last few years. However, the Cashback scheme has unfortunately been removed for new applications. There are still loans available for those who qualify under the HEEPS programme. This is open to all registered private sector landlords and occupant owners. A Green Deal Advice Report is required before you apply, and when considering what you are wanting to use the loans for, a registered Green Deal installer must be the one to carry out the recommended installations. DMS Installers are the best Green Deal installers Glasgow and provide full quotes for a full range of installations, including but not limited to:
- Loft, Underfloor, Solid and Cavity Wall Insulation
- Oil, LPG, and Gas Boilers
- Storage Heaters or Electric Heating
- Draught Proofing
- Heating Controls
- Double Glazing
HEEPS funding is widely available across the country, offering affordable interest-free loans for those eligible with a Green Deal Advice Report. The measures available are as follows:
|Measure||Max loan value|
|Solid wall insulation (external and internal).||£10,000|
|Cavity wall insulation.||£900|
|Loft insulation (0mm – 270mm).||£500|
|Loft insulation (top-up 120mm – 270mm)||£500|
|Floor insulation (solid floor).||£750|
|Floor insulation (suspended timber).||£750|
|Flat roof insulation.||£2,500|
|Boilers – gas, LPG or oil.||£3,000|
|Double/triple glazing (as a replacement for single glazing).||£4,500|
|Secondary glazing (for properties with single glazing only).||£500|
|Fan assisted electric storage heaters.||£3,500|
|Warm air units.||£3,500|
|Waste water heat recovery systems.||£1,000|
|High heat retention storage heating systems.||£7,000|
|Flue gas heat recovery.||£500|
|Hot water tank insulation (uninsulated tank).||£500|
Alongside the above measures, HEEPS loans are also able to cover mains gas costs, offering between £500 – £5000 towards gas central heating installation and connections to the mains gas line as gas boilers Glasgow are far more efficient than other boilers on the market at this present moment. HEEPS is the best way of accessing Government loans for your property at an interest-free rate. If you want to know about the full energy-saving benefits of gas boilers Glasgow, look no further than advice from DMS Installers.
Green Energy Community Fund Assistance
There is still funding available to communities looking to move towards a greener future from the Scottish Government. The Community and Renewable Energy Scheme (CARES) is a government initiative for the support of community installations for renewable energy. Community energy schemes are able to benefit from the Scottish government now recognises the need to support communities in carbon emission reduction and for cleaner energy futures. Community energy saving projects can be more expensive than personal projects, so the government offers grants to cover the installation of equipment. Full consultation on projects is given by professionals, ensuring your community is able to make the most of their grants and funding for cleaner energy. Rural communities can also benefit with the Scottish Rural Development Programme (SRDP) which funds various projects in rural communities across Scotland, giving a rural community energy fund real possibilities for your towns future. If your community is looking to move towards a greener future, consider applying for CARES to ensure you have the access to the support and grants you need for improving your communitys energy consumption.
If your community project still requires a little more funding, there are opportunities for European grants to be able to receive more boosts to your communitys green energy project. As the European Union is committed to helping member states to cut carbon emissions by up to 20%, there are offers for grants available to see your project gets the funding it deserves. European and Structural Investment Funds (ESIF) provides EU states with the funding to make renewable energy a stable resource. If your project meets the criteria, you could have grants that will see through your entire project. Find out more from the government.
Feed-In Tariff Grants
Although the UK government does not quite offer you a real grant for the installation of solar panels, you are instead offered the ability to pay off the installation through the Feed-In Tariff. Depending upon the size of your renewable energy system, whether it is a solar panel system or wind turbines, you are able to sell your generated energy back to the national grid. For every unit of electricity sold, you are paid 4.77p. You can save up to 70% off of your heating bills. Up to half of the units of electricity that you generate can be sold back to energy providers, meaning that you can not only save money on future energy bills but you inevitably pay off much of the initial cost of your renewables.
Domestic Renewable Heat Incentive
With payments over 7 years that can cover most, if not all, of the installation costs, the Domestic Renewable Heat Incentive provides homeowners with the opportunity to have a brand new renewable heating system installed with less of the financial strain. Save between 30% – 70% on your energy bills and save money through your eligibility for a green heating grant. The incentive covers the installation of Biomass boilers, heat pumps Glasgow, gas boilers Scotland and more. All areas of funding could be the best for you, it is only a matter of figuring out which is right for your property or the community. Find out if you are eligible for even more funding opportunities that can help point you towards a greener future. DMS Installers are registered to help you with all of the green energy advice that you require. To find out which areas of funding you need, contact us today. Clean energy funding is right around the corner. Resources: https://www.gov.uk/government/publications/2010-to-2015-government-policy-household-energy/2010-to-2015-government-policy-household-energy#appendix-8-energy-company-obligation-eco – 15/02/2016 https://www.energysavingtrust.org.uk/organisations/funding-and-support – 15/02/ 2016 https://www.gov.scot/Topics/Environment/funding-and-grants – 15/02/2016