Page 15 - Flipbook_Bunmi-Solar

SOLAR ENERGY FOCUS
Electricity prices are
predicted to rise massively
over the next 20 years,
which means the amount
you’d save would as well.
3. HOW MUCH CAN I EARN?
Due to the varying cost of the different technologies, different
“bands” of payments were introduced, dependent upon the
technology used and the size of the project. Caution should
be advised regarding over-reliance on securing incentives,
as many of which have review periods planned where values
could fall. As incentive schemes are revised and additional
schemes are introduced to meet market demands, it is always
worth researching the latest incentive schemes to ensure
access to the most up-to-date information.
However, as a rule of thumb:
3.1 An Enhanced Capital Allowances (ECA) can provide
a cash flow boost of £ 1,968 for every £ 10,000 spent on
qualifying equipment in the year of purchase .
(5)
Climate Change Levy rates that apply from 1 April
2014 can be found in the following link: http://
customs.hmrc.gov.uk/channelsPortalWebApp/
channelsPortalWebApp.portal?_nfpb=true&_
pageLabel=pageExcise_ShowContent&id=HMCE_
PROD1_031183&propertyType=document
3.2 Updated information about the market value placed
on Renewable Obligation Certificates can be obtained
from energy suppliers directly.
3.4. Tariffs applicable for non-domestic RHI for Great
Britain from 1 April 2014 can be found here: https://
www.ofgem.gov.uk/environmental-programmes/non-
domestic-renewable-heat-incentive-rhi/tariffs-and-
payments
3.5 Feed-In Tariff rates can be found here: http://www.
energysavingtrust.org.uk/Generating-energy/Getting-
money-back/Feed-In-Tariffs-scheme-FITs
15