Happy Christmas from Genersys Plc

Why we should spend on Renewable Energy

There is a kind of unreasoned hysteria which affects some people when it comes to measures to control climate change. Those who do not think climate change a threat are doomsayers; they hold that if we spend our money on solar panels and wind turbines it will bring economic ruin, as these devices are far too expensive to be justified. They argue that such expenditure will make our lives unduly expensive and make our industries and services uncompetitive. In fact the doom and gloom spread by these ideas is at least as doomy and gloomy as the doom and gloom spread by environmentalist who want to control climate change and have nations invest in clean renewable energy. Continue reading

How to reduce your fuel oil bills

In the United Kingdom this time last year heating oil prices soared as very cold weather set in. Overall the price increase suffered was more than 70% in some cases. Almost all the homes that use fuel oil are off the gas grid network, and for these homes fuel oil is a cheaper heating alternative than electricity. It offers the same flexibility of heat as gas but much more expensive per unit of heat. Continue reading

Such Stuff as Dreams are Made On

The United Nations Climate Change Conference at Durban ended with some self congratulations; “we have made history” claimed Maite Nkoana-Mashabane, and she may have been right but perhaps not in the sense that she meant it, which was that the conference had saved “one planet for the future of our children and our grandchildren”. Continue reading

Great News for businesses and Non profits – the Renewable Energy Incentive Starts

From Monday 28th November 2011 Schools, hospitals, businesses and communities in the United Kingdom have been able to get financial incentives from the Renewable Heat Incentive for installing renewable heat. The Department of Energy and Climate Change have announced the opening in full of this phase of the RHI, and I expect that the thermal solar (or solar water heating) part of the incentive will be particularly attractive and that my company Genersys will be particularly busy with it. Solar thermal is the cleanest form of renewable heat.

A business installing 200Kwh of solar thermal panels will be able to claim 8.5p per kWh for the renewable heat generated. For businesses in particular there are three financial benefits, and for non profits there are just the first two:-

  1. The 8.5p per kWh is more than most businesses are paying for heat if they use gas, and less than they are paying if they use oil or electricity. The incentive provides an income stream which is produced from the capital cost of the investment over the next 20 years. The 8.5p is linked to inflation so the return is real and predictable in real terms. Coincidentally Genersys solar panels are unconditionally guaranteed for 20 years provided they are properly installed using approved components.
  2. In addition to the incentive there is of course the fuel savings on the fuel that will no longer be used. This adds another financial incentive.
  3. If the business installs solar thermal using Genersys panels, it will be able to claim accelerated capital allowances, writing the investment off against profits in the first year, instead of over a number of years. In real terms, if you do the maths, the real rate of return becomes higher because you can moderate the capital expenditure against corporation tax.

The incentive is very good and should make installation of solar water heating for all businesses and non profit organisations virtually a no brainer.

Investing in the Future of Energy

Brent Crude Oil is today selling at more than $115 a barrel. Its price has risen by 9% in the past month and that price rise has largely gone unnoticed because the world financial farce has dominated the media. Whatever you think of the economy the availability of fuel and energy is important to it. An oil price rise would make things more difficult right now so we need to know if oil prices are likely to rise further and plan for the rises. Continue reading

The Reduction in the Feed In Tariff for Household Renewable Electricity

It is good to see that governments incentivise renewable energy, particularly microgeneration. Whatever your views on anthropogenic climate change clean renewable energy is healthier and gives a better degree of energy security for nations, businesses and individuals and enables our fossil fuels, which are finite and are being gobbled up with increasing appetite by a world in which the human population is rapidly expanded. Continue reading