Last month saw the government introduction of the Feed-In Tariffs which offers businesses, householders and third sector organisations, the opportunity to make money while the sun shines (or the wind blows or the river flows!). Payments are guaranteed for every kilowatt hour of electricity generated by wind, solar, hydro power or anaerobic digestion.
One of our volunteers, Bill has has produced a factsheet to explain how this works in more detail click here to download.
Our team of sustainable energy experts also offer a range of services to help you and your business generate an income from the Feed-In Tariffs (FITs), save money on your energy bills and help reduce carbon emissions.
The Carbon Reduction Commitment* will be increasingly bearing down on business energy use in future years so now is the time to gain income from the FITs and cut energy costs.
*The Carbon Reduction Commitment (recently renamed the CRC Energy Efficiency Scheme) is a mandatory carbon emissions trading scheme to cover all organisations using more than 6,000MWh per year of electricity (equivalent to an annual electricity bill of about £500,000).
Tristan Haynes, our Technical Adviser, says:
"For a business there has never been a better time to evaluate its energy use and potential for renewable energy. The government has designed the Feed-In Tariffs to deliver an approximate rate of return of 5-8% for well-sited installations. As the tariffs are linked to inflation in nominal terms this rate of return could then be considered even higher at some 7-10%. We have a track record with small to medium sized enterprises in the West Midlands and are keen to deliver even more benefits to our local businesses."
