How Can Businesses Access the Green Deal?

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Businesses across the UK are determined to access energy efficient practices in order to support carbon reducing initiatives and to significantly reduce running costs. Government focus seems to have largely been placed upon domestic energy efficiency, but businesses shouldn’t feel left out in the cold. There are a number of similar, if not identical, policies to encourage business and industry to take up sustainable systems and technologies for their benefit.

The Renewable Heat Incentive (RHI), for example, was introduced specifically for businesses before a domestic version of the policy was introduced.

Launched in 2011, the scheme provides payments for businesses, industry and public sector organisations for the generation of renewable heat.

The scheme works in much the same way as the feed-in tariff, which provides payments for the generation of renewable electricity that can be fed back into the National Grid.

Any of the aforementioned establishments that access biomass, heat pumps (ground and water source), geothermal heat, solar thermal collectors and biomethane and biogas systems will be eligible for the scheme.

Businesses will receive a financial installment every three months, with payments spread over the course of 20 years. However, it is dependent on the type of technology and how much the installation can actually produce. Furthermore, payment will also be based on how much energy the industry, business or public sector uses.

Payments are made depending on the kilowatt hours produced. The rates of return are based on inflation and subject to quarterly degression. However, the Department for Energy and Climate Change (DECC) has announced there will be no reduction in tariff on October 1st.

Households across the country have been encouraged to take up the Green Deal but businesses can also benefit from the support scheme.

All the eligible large scale establishments looking to turn to greener energy can access technology such as insulation, solar panels and wind turbines, with the systems paid for by the installer through a government grant. This is repaid through savings made on energy bills, with interest rates at an affordable level.

Furthermore, commercial LED lighting could also be installed using the Green Deal. However, even without accessing the government’s flagship energy efficiency grant scheme, LED lighting could potentially be installed by a business at a low cost.

LED lighting provides an effective way to cut down energy bills in a business premises, by significantly improving the efficiency of lighting. This is because LED bulbs do not produce as much waste heat energy. Conventional lightbulbs need to use much more electricity to provide the same amount of light.

To access the Green Deal, you must contact an accredited Green Deal assessor to come and inspect your property. They will then advise on the best possible technology to use in your facility.

Then, they will issue a quote for the technology and the work to install it. If the business agrees to the package, a finance system will be put in place, which is attached to the property.

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