UK announces Renewable Heat Incentive scheme today

As well as getting paid for generating electricity using solar panels and wind turbines the UK government is now going to include other systems such as solar water heating in its effort to reduce the amount of electricity required from fossil fuelled power stations.

The announcement was made today at the following link - http://www.decc.gov.uk/en/content/cms/news/PN2011_023/PN2011_023.aspx

"The tariffs will be paid for 20 years to eligible technologies that have installed since 15th July 2009 with payments being made for each kWh of renewable heat which is produced."

"Once in the scheme the level of support an installation will receive is fixed and adjusted annually with inflation. However, as with feed in tariffs, we expect the levels of support available for new entrants to the RHI scheme will decrease over time as the costs of the equipment and installation reduce through economies of scale."