Renewable Energy Solutions
Renewable Energy Solutions
Renewable Energyt Solutions
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Renewable Energy

Green Deal Funding

There are various sources of finance available for installations of renewable technology and other ‘carbon reduction’ measures.
It is possible for an installation or project to be entirely Self-financing. This means the cashflows/savings from the technology will pay-off both the interest and the capital from the loan. Some of the funding is aimed at non-profit organisations such as schools, universities and churches, and some is aimed at community installations, for example by parish councils, voluntary associations, sports clubs and faith groups.
Funding


Other funding is aimed at private individuals and businesses. Through our experience and knowledge we can help you identify and access the appropriate finance. If you would like further information or would like us to make initial enquiries on your behalf, please contact us.


THE CARBON TRUST

The Carbon Trust and Siemens Financial Services have combined
forces to offer a scheme designed to provide flexible financing options
to all types of organisations seeking to make their operations more efficient and lower their energy costs.
Investing in energy efficient equipment makes sound business and environmental sense, and is available to all kinds of businesses and organisations. Financing from Siemens Financial Services can be arranged from £1000, and there are potentially no upper limits.
Carbon Trust

  • Convenient and fast – arranged through your chosen recognised Energy Efficiency Financing supplier
  • Affordable – designed so that financing payments are offset against the anticipated energy savings
  • Flexible – payments can be tailored for individual circumstances
  • Easier budgeting – payments are fixed, not subject to fluctuations in interest rates
  • Maintains existing credit lines
  • Tax efficient – payments may be offset against tax, depending on individual circumstances
  • Future proofed – allows the flexibility to change with your business requirements
  • Conserves working capital – the flexibility to conserve your existing working capital for other business projects
Energy Efficiency Financing is available to many kinds of businesses and organisations, from sole traders and partnerships through to large corporates, local authorities and other public sector organisations. Whilst many kinds of organisation can qualify, there are some basic criteria to satisfy.

To qualify for Energy Efficiency Financing, businesses must have been trading for at least 36 months, financing is then offered subject to a normal credit assessment.

Energy Saving Assessments will be conducted by Carbon Trust Implementation Services to review the estimated CO2 and energy savings and whether the monthly energy cost savings are likely to match or exceed Energy Efficiency Financing payments.

Financing from Siemens Financial Services can be arranged for amounts as little as £1,000 and there are potentially no upper limits (subject to customer’s credit assessment).

Many types of project will be considered, provided they meet the scheme’s energy and carbon saving requirement. Some examples of some projects that could qualify include:

Building Technologies
Air Conditioning
Heating
Heating Controls
Heat Recovery
Lighting
Solar Thermal Systems
Refridgeration

Industrial Process Technologies
Compressed Air Fittings
Motors
Materials Handling Equipment
Power Factor Correction
Process Heating
Process Controls
Variable Speed Drives

There are many more types of projects that will be considered for financing, including renewables. Each project will be assessed on its potential to deliver real energy savings, and Siemens Financial Services will also need to carry out a credit check.

RODSPARK will guide you through this process…


THE GREEN DEAL

RODSPARK will be at the forefront of this new Government scheme advising customers on how to access, install and pay for energy efficient improvements to properties. Our skilled team can help in every aspect. The Green Deal is being introduced by the government to enable homeowners, tenants and small/medium businesses (SME’s) to improve the property they live /work in to make it more energy efficient, more comfortable and cheaper to run, without having to pay any upfront costs.
To determine which measures are recommended for your property you require an Energy Performance Certificate (EPC). This identifies the suitable measures, from these you select those you want to implement, and ask for a quote from an authorized Green Deal provider.
Next you select an improved installer, which RODSPARK aim to be.

You pay for the improvements over time through your energy bills, at a level no greater than the estimated savings to energy bills. If you move home, the Green Deal stays with the property and the repayments pass to the new bill payer.
For householders in receipt of income-related benefits, additional help may be available.
Additional support may be avaialbe for homes where solid wall insulation is recommended.
The Green Deal is anticipated to be launched in October and will also apply to community buildings and SME’s.

To find out more, visit Department of Energy & Climate Change or call 0300 123 1234

Throughout the Green Deal process, the customer will have contact with three key participants. The process will begin with the customer an independent Green Deal Assessor, who will survey your property and produce an Energy Performance Certificate(EPC). The EPC identifies energy improvement measures which are suited to your specific property. These measures must meet the “Golden Rule” (see below).

Green Deal Golden Rule

These measures will be identified on the EPC with a green tick.
The Golden Rule is:
“The charge added to the energy bill to fund the energy measures, should not exceed the expected savings, also the length of the payment period should not exceed the expected lifetime of the measures”

Condensing boilers
Heating controls
Under-floor heating
Flue-gas recovery devices
Gas-fired warm-air heating systems
Electric storage heaters
Cavity wall insulation
Loft & roof insulation
Internal/external wall insulation
Hybrid wall insulation
Floor insulation

Draught proofing
Heating system insulation (pipes and cylinders)
Energy efficient glazing and doors
Lighting fittings
Lighting controls (non-domestic)
Ground and air source heat pumps
Solar thermal
Solar PV
Biomass boilers
Micro-combined heat and power
Micro- and small-scale wind turbine systems

However in addition to this, the plan will identify more expensive measures for example external insualtion or solar PV panels which may require additional finance as they do not meet the “Golden Rule”. These will be identified on the EPC with an orange tick.

Green Deal Process

The customer must provide the Green Deal Provider with any
necessary consent needed, such as the landlord’s permission, before the loan can be finalised. Also when the ocuppier of the property is changing, the presence of a Green Deal
must be made clear as the new owner of the property will be taking over the repayments of the loan through the energy bills, to the Green Deal Provider.

 

 

FITS

Now we are firmly in the world of 16p for the domestic scale feed-in tariff. RODSPARK is:

  • Offering a range of system options from low cost Far East PV modules through to high efficiency premium modules to match the consumers requirements and which can achieve good results.
  • Matching the lower FIT rates with lower installed system prices meaning that the return on investment is actually better now than when the feed-in tariff scheme was launched back in April 2010.
  • Maximising the yield our customers get from their system and will recommed the appropriate technology to ensure this happens, for example using micro-inverters or power optimisers to minimise the impact of shading on the overall system performance.
The feed-in tariff may be lower now, but electricity prices have never been higher, so compared to two years ago a typical solar PV system will cost half as much to install, but generate greater savings off electricity bills.
Our domestic Solar PV systems will currently generate returns of up to 9% per annum which is far higher than can be achieved with almost any other investment and provides 20 years of indexed linked income and protection from rising electricity prices.
The installation of a solar PV system will contribute towards the property’s energy efficiency rating, thereby potentially adding to its value.

Solar PV System Rate
<4 kWp
4-10 kWp
10-50 kWp
50-150 kWp
150-250 kWp
250 kWp – 5MW + stand alone systems (not grid connected)
Export Payment




16.0p
14.5p
13.5p
11.5p
11.0p
7.1p

4.5p



THE RENEWABLE HEAT PREMIUM PAYMENTS

The Renewable Heat Premium Payment is designed to help you afford renewable technologies for your home (and swimming pool) and provides a one-off grant for domestic customers. This scheme will be replaced by the Renwable Heat Incentive (RHI) for domestic properties once launched. (Date to be confirmed).
This is a UK Government scheme designed to help you afford renewable technologies for your home, such as:

  • Solar thermal panels
  • Heat pumps ( air to water source, ground source or water source but excluding exhaust air heat pumps), and
  • Biomass boilers

The amount received as part of the Renewable Heat Premium Payment scheme depends on which technology you are applying for. The voucher values for each of the technologies are listed below:

Technology

Solar Thermal Hot Water
Air to Water Source Heat Pump
Ground Source or Water Source Heat Pump
Biomass boiler


Voucher Value

£300
£850
£1250
£950


If you live in England, Scotland or Wales, you are eligible to apply for the Renewable Heat Premium Payment.
How you currently heat your home will depend on which technologies you are able to apply for.
Those who have recently removed a mains gas heating system or currently heat their home with mains gas are only eligible to apply for Solar Thermal. However, if you currently rely on oil, liquid gas, solid fuel or electricity then you could also apply for air to water source heat pumps, ground – or water – source heat pumps and biomass boilers.

  • The property must be owned by you or if you are a tenant you must be purchasing the system yourself and have permission from the owner of the property;
  • If the property is a new build, then you must retain ownership of the property either as the occupier or as the private Landlord;
  • Property must have loft insulation to 250mm and cavity wall insulation (where practical);
  • You should have all necessary planning and environmental permissions in place;
  • The product and installer you go with must be certified under the Microgeneration Certification Scheme (MCS), Solar Keymark (or equivalent).
If you have got further questions why not see The Energy Saving Trust’s Renewable Heat Premium Payment scheme FAQs.

For heat pump installations, all householders will receive 80% of their voucher value when a valid claim is submitted, together with a signed checklist from the installer confirming whether or not the installation can be fitted with a meter.

Householders will receive the final 20% following a visit from the metering team to check that the installation is really “meter ready” and install a set of equipment, or if their installer has been trained to install monitoring equipment and installs it on EST’s behalf.

If a householder has indicated that they are not meter ready, they will receive the final 20% of the grant at the end of the scheme. Installations of biomass boilers and solar thermal panels are not affected by this change. The metering equipment provides live data to the Department of Energy and Climate Change to enable them to evaluate the performance of heat pumps. This is ground-breaking reseRodsparkh and the results will be used to inform heat pump technology developments and future government policy. TheEnergy Saving Trust has commissioned the Building ReseRodsparkh Establishment (BRE) to coordinate the monitoring programme. In addition to this, as a mandatory requirement for the Renewable Heat Premium Payment, you will be asked to submit information about how the technology you have installed is performing in its environment via online surveys. This is to support the monitoring programme and allow the Government to learn as much as possible about renewable technologies.

RENEWABLE HEAT INCENTIVE (RHI)

The RHI is a fixed payment for the renewable heat you generate yourself. The RHI is similar to the Feed-in Tariffs, although there are some important differences, and in particular:
  • It will be paid for by the Treasury not by energy users.
  • There is no ‘National Grid for Heat’ and so importing and exporting heat is not relevant.
  • It will be introduced in phases, with residential schemes not eligible until Phase 2.
    1. You install in your property renewable heat systems such as solar thermal panels, heat pumps or a biomass boiler.
    2. You measure how much heat your renewable energy systems produce.
    3. You get paid a fixed amount based on that output, the type of technology and the size of the system.
Broadly speaking, the RHI is for everyone, including households, landlords, businesses, farmers, schools, hospitals, care homes and more. The RHI can even be used by entire communities, coming together to invest in a renewable scheme from which they will all use the heat and share the income. Residential systems are not eligible for support until Phase 2.

First of all you will save money by eliminating or reducing your need for gas or oil, both of which are becoming increasingly expensive year-on-year.
Secondly, you will be paid up to 8.5p/kWhr for the hot water and heat you generate and use yourself. It depends on exactly what systems you use and how large they are as to what the exact tariff level is.
They are paid for 20 years from the registration date and index-linked for inflation.
In most cases the simple answer is YES. Participants should earn enough money from the tariffs to pay off their installation costs in about seven to nine years. According to the Government, which has set the tariff levels, the average for most systems be a return of around 12% per annum.
Tariffs started in November 2011 for non-residential systems and are expected in summer 2012 for domestic systems (to be confirmed). However, any suitable system installed from now onwards will be eligible for the tariffs when they begin.
Most forms of renewable heat generation in all sizes.
  • Biomass boilers
  • Biogas combustion (but only up to 200kWth)
  • Deep Geothermal
  • Ground Source Heat Pumps (heating water)
  • Energy from biomass proportion of Municipal Solid Waste
  • Solar Thermal (but only up to 200kWth)
  • Water Source Heat Pumps (heating water)
There are two different approaches that can be used to measure the heat output of systems: metering (i.e. measuring) and ‘deeming’ (i.e. estimating the likely heat output).
The current proposals for non-residential systems require heat metering. It is possible that the future proposals for domestic systems will allow deeming, depending on the size of the system.
For phase 1 of the scheme all systems will have to meter the heat they produce and deliver. All payments will be made by calculating the metered number of kWh multiplied by the tariff per kWh.
The Government has specified requirements for the provision of information about the maintenance and ongoing performance of RHI systems.
Unlike the Feed-In Tariffs, the Government has specified a maintenance requirement for RHI systems, to ensure they continue to produce useful heat.
The regulations include a provision that the systems must be maintained. Rather than trying to be too prescriptive about how this must be done, the requirement is:
  • The equipment is maintained in line with any manufacturer instructions where available.
  • Owners will need to keep records of such maintenance and will probably need to complete an annual declaration accordingly.
As a further way of ensuring that the installation is compliant and kept operational, the owner will have an obligation to provide information to the Scheme administrator, Ofgem. Furthermore the annual declaration may include a fuller statement of continuing compliance with the requirements.
The scheme administrator may also have the right to inspect installations on an ad hoc basis. There are various sources of finance available for installations of renewable technology and other ‘carbon reduction’ measures.
It is possible for an installation or project to be entirely Self-financing.
This means the cashflows/savings from the technology will pay-off both the interest and the capital from the loan.
Some of the funding is aimed at non-profit organisations such as schools, universities and churches, and some is aimed at community installations, for example by parish councils, voluntary associations, sports clubs and faith groups.
Other funding is aimed at private individuals and businesses.
Through our experience and knowledge we can help you identify and access the appropriate finance. If you would like further information or would like us to make initial enquiries on your behalf, please get in touch.


CARBON EMISSIONS REDUCTIONS TARGET CERT

came into effect in April 2008, obliging electricity and gas suppliers in Great Britain to help reduce carbon dioxide (CO2) emissions from homes. Here’s how it works and what it could mean for you.
As the name suggests, there’s a set target for the amount by which CO2 emissions should be reduced.
CERT will be in effect for three years, with the target of making an annual net saving of 4.2 million tonnes of CO2 by the end of the programme.
CERT is actually the third phase of a programme that has been running since 2002 to reduce CO2 emissions.
The previous phase was known as the Energy Efficiency Commitment. This new phase doubles the targets of the previous three-year phase, which started in April 2005.
Why do we need CERT? The UK has committed itself to a number of targets to reduce harmful emissions:
  • cutting greenhouse gas emissions by 22 per cent from 1990 levels by 2008-2012, as part of the Kyoto Protocol
  • cutting emissions of CO2 by 34 per cent and 80 per cent from 1990 levels by 2020 and 2050 respectively, as part of Government policy
    CERT has been designed to make a significant contribution to achieving these targets.
    Electricity and gas suppliers will be obliged to promote things that:
  • improve energy efficiency, for example, loft and wall insulation
  • increase the amount of energy generated from renewable technologies such as wind turbines, solar panels and ground source heat pumps
CERT will mean that energy suppliers will provide grants and offers to help you pay for energy efficiency measures and renewable energy technologies for your home. The key thing to note here is that you can take up grants and offers from any energy company, regardless of whether they supply your gas and electricity. This could help reduce the amount of energy you use, reducing your CO2 emissions as well as helping you to save money on your energy bills too.
Most energy suppliers provide loft and cavity wall insulation for free to those aged over 70 or those in receipt of certain benefits.
Call your local advice centre on 0800 512 012 to find out more. Speak to your local advice centre to find out if there are grants and offers available for you.
Call freephone 0800 512 012 to speak to an advisor.

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