Government to announce how RHI will be paid for
PUBLIC INTEREST IN RENEWABLE HEAT WILL JUSTIFY BUDGET DAY ANNOUNCEMENT
London, 22nd March, 2010: Within the Budget Speech, the Government has stated that it will clarify how the world’s first payment scheme for renewable heat generation will be paid for. The Renewable Heat Incentive is a fundamental component of the UK’s renewable energy strategy but uncertainty of how it will be paid for has caused understandable hesitation. However, with online enquiries increasing week-by-week and with considerable interest shown by the public at the Ideal Home Show over the weekend, it is clear that the Renewable Heat Incentive scheme should be an overwhelming success.
Philip Wolfe, managing director of Ownergy, the full service provider of renewable energy systems, commented: “When people realise that they will get paid for the renewable heat they generate and use themselves, it is a no brainer. However, the last major piece in the puzzle is how this scheme will be paid for. All this will hopefully he cleared up this Wednesday and the Government must not shy away from doing so.
“The Government’s own calculations show that the Renewable Heat Incentive should boost the UK’s renewable heat generation from just 1% today to 12% by 2020 and in so doing, make a massive contribution to our legally binding 15% renewable energy target. Evidence from the Ideal Home Show and the volume of enquiries and visitors we receive on our Renewable Heat Incentive information site, clearly shows that the interest is there and these targets really can be met.
“Homeowners, businesses, farmers, even church parishioners are keenly interested as the Renewable Heat Incentive is for any property regardless of its size. By financially incentivising people do go renewable, everyone wins. The pain of winter heating bills can be turned into winter heating income meaning the property owner benefits financially and the country benefits environmentally.”
For more information on the Renewable Heat Incentive, go to www.rhincentive.co.uk
