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We are entering into an era where as a whole we all need to change the way we generate and use energy. We have all seen the prices spiralling out of control on garage forecourts due to oil shortages and problems in the Middle East; and pictures of the terrible fallout from damaged nuclear power stations in Japan. All these problems are only going to send our fuel and energy prices soaring. Many of us are feeling the pinch both at home and our businesses, but this doesn’t have to be the case.
There has never been a better time to invest in green technologies. It’s not just about being seen to be doing your bit for the environment and reducing your carbon footprint, but actually getting a good ROI on your money at a time when the banks interest rates are so low.
Generous government backed incentives are now available for both domestic and commercial installations in the form of Feed In Tariffs(FITS) and the Renewable Heat Incentive(RHI). These will pay you for the energy/heat produced, on top of the savings you will be making, generating and using your own energy. Options commonly available are Solar PV and Solar Thermal, Ground Source Heat Pumps, CHP, Anaerobic Digestion and Wind.
The incentives are all guaranteed for 20-25 years (depending on technology),RPI linked and tax free. What better way to fight and protect against the rising prices.
One thing to bear in mind though is that some technologies are not suitable for everyone. It is important to shop around for knowledgeable installers who can advise you on the best solutions and realistic payback. For more information on choosing the right technology try looking at the Energy Saving Trust, a non profit organisation providing free and impartial advice.
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