This is happening for a number of reasons:
- The depletion of our fossil fuel reserves
- The projected growth of global energy demand>
- The security of our energy supply and being less reliant on others
- Providing Investment in new industries & new technologies
- The Government believe Climate change is one of the biggest threats we face
- Help reduce the production of harmful green house gases
According to DECC the average gas and electricity bill has more than DOUBLED in the last 10-years and what’s more they are predicted to rise by 60% in the next 5-years!
The Government have set financial incentives which are designed to offer consumers a high return on their investment to help achieve their ambitious target.
The DECC web site confirms
‘The Coalition Government is supporting installation in a variety of ways, with the aim of helping home owners, small businesses, and communities reduce their carbon footprint’.
‘It is recognised that the up-front costs of installing Micro-generation is still a significant barrier for consumers and communities. Costs can be quite high and without support, consumers would not be able to afford them. To help tackle this, the coalition Government is offering incentives for micro-electricity (Feed-in-Tariffs or FITs) to businesses to communities and consumers wanting to install solar PV, micro wind, micro-CHP and micro-hydro’.
The Government has also agreed to only charge 5% VAT on small-scale onsite low carbon and renewable energy technologies
The site at DECC Webb Site clearly confirms the Government are committed to increasing the proportion of energy we use from renewable resources and why they are heading in this direction.
We strongly recommend you Click on the link to the Department of Energy and climate change and see this for yourself.
