Solar Panels Government Incentives Uk

A feed in tariff is a payment you can get if you generate your own electricity eg with solar panels or a wind turbine and you can also sell energy back to the grid.

Solar panels government incentives uk.

The government used to provide interest free loans and grants as part of the green deal but this concluded in 2015. Solar panel incentives from northern ireland renewable obligation certificates nirocs. Using alternative sources of energy such as solar power you can also find out if you re eligible for a home energy grant to help pay for things like loft and cavity wall insulation. Smart export guarantee seg feed in tariff fit no longer open to new applications renewable heat incentive rhi this applies to solar water heating only.

Other incentives for solar accelerated depreciation. Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years. The feed in tariff also came to an end in april 2019 but the new smart export guarantee seg is on the way starting in january 2020. The money is paid through the domestic rhi scheme.

You receive a number of roc s for each unit of electricity you produce. Each roc is worth a certain amount which is multiplied by 4 to give your payment per unit of electricity produced. Renewable energy generation such as solar panels or heat pumps find out if your home will benefit there are various ways to check if your property could benefit from energy saving improvements. The renewable heat incentive for solar thermal panels is not a grant but it offers long term payback on the upfront costs.

Find out how to apply. Payments are made for 7 years and are based on the amount of renewable heat made by your heating system. Overall there are three notable incentives for solar panels in the uk that will be covered in this guide. Unfortunately solar thermal panels will not be eligible for clean heat grants.

As at september 2014 you would receive 4 roc s per unit.