Archive for January, 2011

Transform Your Home into Green Home – It is beneficial

Wednesday, January 19th, 2011

Do you own an environment friendly eco-home? You can actually earn money from it. And if you try to sell it, chances are high that you will get good price!

To encourage the use of renewable and alternative energy in UK, the Department for Energy and Climate Change has brought in an array of schemes. Feed-in Tariffs and Renewable Heat Incentive (RHI) are two such initiatives.

Feed-In Tariffs:

Government introduced Feed-in Tariffs for the consumers who use ordinary energy and generate renewable electricity. This has been done to increase the renewable energy usage so that by 2020 15% of total energy comes from renewable sources.

There are 3 financial benefits of this scheme:

  • You get payment for the electricity that you generate, even if the energy is used by yourself
  • Bonus payment if you export electricity into the grid
  • A cut on your regular electricity bills, as you start using the power that you produce

Any entity ranging from individual homeowners, businesses to organisations can take part in the initiatives and become entitled for the financial benefits.

Renewable Heat Incentive (RHI):

This is a great way to incentivise your efforts to make your home eco-friendly. Install renewable heat system; it can be heat pumps, solar thermal panels or any such things. Once the device is installed, an estimate is made on how much heat this system can produce. Based on this estimate you get a fixed amount.

If you are stressed out financially and need help to stop home repossession or to overcome an immediate crisis; FI Tariff or RHI or both can be a way of making or saving some money. And if you already have these things in place and you need to sell the house fast, chances are high that you would be able to sell the property really quickly.