Archive for the ‘Clean Energy Cashback Scheme’ Category
Solar PV – quickest growing market worldwide
14
The renewable energy market is growing rapidly and a recent report from the European JRC PV Status Report 2011 states that the production of Solar PV has increased drastically since 2010, in fact at the very least it has doubled. This increase demonstrates how fast the Solar PV industry is actually growing, and with an estimated volume of 23.5 GW being produced, the figures speak for themselves.
In terms of Solar PV installations, Europe is still the leading continent with a current installation capacity of approximately 29 GW. The report also shows that over 70% of the world’s Solar PV installations are within the European Union, making it at the forefront of the Solar PV industry.
As well as the obvious savings on electricity costs, many countries operate some form of feed-in-tariff which offers an added incentive to both households and businesses to generate their own electricity using Solar PV. The UK feed-in-tariff currently offers a great return on investment, which is another reason as to why the UK market for Solar PV is also growing.
For full details on the PV industry and how Planet Solar can help with all your Solar …
Barclays Bank to offer £100m for renewable energy developments for farmers
10
It was recently announced by major bank Barclays, that they are to offer £100m loans to both farmers and landowners, in a bid to encourage them to install renewable energy systems. Barclays have commented that the response so far has been great, with a significant number of those contacted already registering their interest.
Whilst the scheme is designed to help farmers in all areas of renewable energy developments, it is suggested that Solar PV will make up a vast proportion of it. With Solar PV being a cost effective solution and with the current government feed-in-tariff scheme offering a fantastic return on investment, it is easy to see why this area of renewable energy is growing fast.
The renewables market in the UK is scheduled to expand rapidly over the next decade and by the year 2020 the UK are aiming to generate at least 15% of energy using renewable sources.
For further information on the feed-in-tariff and how using Solar PV as a renewable energy source can benefit you, contact Planet Solar today.
Understanding the feed-in-tariff for Solar PV
22
The number of domestic installations for Solar PV in the UK is increasing and many people are considering the benefits of installing a Solar PV system in their home. As well as receiving free electricity from the energy the solar panels generate, there are also financial rewards too for those purchasing Solar PV, thanks to the government feed-in-tariff.
With such a heavily dominated market, it can be confusing trying to understand the government feed-in-tariff, or energy cash-back scheme as it is also commonly known. At Planet Solar we want our customers to get the most out of their Solar PV, which is why our experienced Energy Consultants can offer a free site survey at your propoerty to advise the best Solar PV solution for you and your home.
The financial rewards for installing Solar PV are fantastic and the return on investment is exceptional. The feed-in-tariff is designed so that at present, installations completed before the end of March 2012 will receive 43.3p for every kilowatt hour their solar panels produce. This figure is not based on how much electricity you use it is based on how much electricity is generated by your …
Domestic Solar PV installations increasing throughout 2011
8
Figures earlier this year released by the DECC showed a dramatic increase in the number of solar PV panels installed within the UK by homeowners, in fact figures suggest the number has more than tripled since the previous year. A lot of this could be down to the introduction of the new government ‘energy cash-back scheme‘, or feed-in-tariff as it is also commonly known.
The feed-in-tariff was designed as an incentive to encourage homeowners to produce more of their own electricity. The first element offers a payment (currently 43.3p) for every kilowatt hour of electricity your solar PV panels produce. This is not paid on usage, simply on what your panels generate.
In addition to this, there is also an export tariff which currently pays 3 pence for every kilowatt hour you send back to the grid. For homes which are fitted with a Smart Meter, this figure will be based on accurate export figures. However, for homes which do not have a Smart Meter, the current presumption is that 50% of all electricity will be exported.
The government feed-in-tariff is set to change in April 2012. Whilst there are no concrete figures to show what …
Solar Feed-in-Tariffs (FIT) help make renewable energy more affordable
5
The feed-in tariff system is designed as an incentive for energy producers to move away from conventional fossil fuels to renewable energy sources. Essentially, it is government legislation which guarantees a fixed, premium rate for renewable electricity fed into the national grid. The power companies are obliged by the government legislation to buy the renewable electricity, the additional costs of which are passed onto the customers.
The UK government is committed to reducing its carbon emissions through the adoption of renewable energy sources, particularly in regards to the generation of power in order to combat climate change. The Energy Act of November 2008 set out a series of provisions in order to help the government meet its targets. The need for a feed in tariff comes from the fact that it is far more expensive to produce energy from green sources than it is from fossil fuels. This of course renders the retail price of fossil fuel electricity cheaper than that from renewable producers. In order to attract renewable investors, it is therefore necessary to incentivise those wishing to invest in the installation of renewable plant.
Feed-in tariff legislation fixes an above market rate for utility companies to buy electricity …
UK Government Clean Energy Cashback Scheme
5
The clean energy cash back system is designed as an incentive for energy producers to move away from conventional fossil fuels to renewable energy sources. Essentially, it is government legislation which guarantees a fixed, premium rate for renewable electricity fed into the national grid. The power companies are obliged by the government legislation to buy the renewable electricity, the additional costs of which are passed onto the customers.
The UK government is committed to reducing its carbon emissions through the adoption of renewable energy sources, particularly in regards to the generation of power in order to combat climate change.
The Energy Act of November 2008 set out a series of provisions in order to help the government meet its targets. The need for a clean energy cash back system comes from the fact that it is far more expensive to produce energy from green sources than it is from fossil fuels. This of course renders the retail price of fossil fuel electricity cheaper than that from renewable producers. In order to attract renewable investors, it is therefore necessary to incentivise those wishing to invest in the installation of renewable plant.
The UK government’s Clean energy cash back proposal would fix …
Small-scale green energy schemes could generate more electricity than two nuclear power stations
1
Small-scale renewable electricity schemes could generate more than twice the output of Sizewell B nuclear power station by 2020 if Ministers improve the proposed Clean Energy Cash-back scheme (or feed-in tariff), due to be launched in April next year, according to figures released today.
The environmental campaign group used figures obtained from the Government to show that introducing a more ambitious scheme than that currently proposed would only add an average £2.37 per year on to household electricity bills over the next four years – just £1.20 a year more than the Government is already proposing to add to fund the scheme.
The figures are published as 30 organisations and businesses – including Friends of the Earth, the Renewable Energy Association, The TUC, British Retail Consortium, the Co-operative Group, Country Land and Business Association (CLA), the Federation of Small Businesses, Unison and WWF – have written to MPs urging them to support an Early Day Motion (EDM 276) tabled by Alan Simpson MP calling for a much greater level of ambition for small scale renewable electricity generation than the Government scheme currently proposes.
Friends of the Earth, which led the campaign to introduce a feed-in tariff alongside …