Can renewables be a sound investment?

The words "Renewable energy" and "investment", have not traditionally been linked together, positively?! But this is set to change...

I'm sure many people will have heard of the "Feed in tariff" (FIT)?

Started on 1st April 2010 (no not an April Fools joke!), but who's heard of the Renewable Heat Incentive (RHI)? Due to start April 2011?

These 2 schemes are set to take renewables from being a “niche” market for very green, or wealthy people, to something that most people can do.

Let's start with the FIT:

Under the government’s feed-in tariff project, households with a solar PV (for electricity) system could benefit from an annual reduction in electricity bills of £140 as well as an additional £900 in payments from the financial incentives scheme, the Department of Energy and Climate Change revealed.

For more details click here

Now for the RHI:

Whilst it's still in it's "consultancy" stage, it looks to be even better!

Solar thermal, for hot water could save the consumer up to £500 per annum!

Whilst heat pumps (especially air source) should negate heating bills, and even provide a profit! For a well insulated property. Incidentally, there are still grants available, but be quick!

For more details click here

But, be aware! Installations of any of these technologies must be carried out by MCS accredited installers, otherwise you will not be entitled to these "payments"- More here

So, My view, is that renewable energy is a sound financial investment!

Other useful links:

http://www.viridisec.co.uk/2010/03/the-renewable-heat-incentive/

http://www.viridisec.co.uk/2010/02/the-feed-in-tariff-some-of-your-questions-answered/

http://www.viridisec.co.uk/2010/02/how-will-the-rhi-affect-the-financial-performance-of-solar-thermal/

With thanks to Barry Nutley - Viridis Energie Consultants - showing that "saving the Planet, needn't cost the Earth".