More about the Renewable Heat Incentive

I have been trying to unravel the Renewable Heat Incentive that the Government announced on Wednesday. So far the details have not emerged but the following seems clear:-

  • The incentive will apply to domestic, commercial and industrial projects
  • It will not be funded by levies on heating bills
  • It covers all renewable heat technologies but the feed in tariff rates for them have yet to be “agreed” between Ministers and their civil servants
  • Between 2011 and 2015 a total budget of £850 million will be available, with more than half the budget being paid in 2014/2015 Continue reading