Securing the money to fund your project can sometimes be the most time consuming of all the pre-project work. Even if you have secured all the money investors will need to see income projections and pay-back calculations.
RS Renewables uses the internationally recognise RETScreen software to model the financial performance of renewable energy and sustainability projects.
We can help you identify the most suitable sources of funding and then helping you complete the application to give you the best chance of success. We can explain the difference between Renewable Obligation Certificates (ROCs) and the Feed-in Tariff (FiT) as well as other schemes such as the Renewable Heat Incentive (RHI).
Once your project is complete we can apply to ofgem for your FiT, ROOFiT or ROC registration on your behalf and complete your RHI paperwork.
Renewable Obligation Certificates
Commonly know as ROCs, these certificates are used to support larger scale renewable energy projects including on-shore wind, off-shore wind and large ground mounted solar PV arrays. Although the FiT can be used to fund PV projects up to 5MW, because of the lower rates at the larger bands it may make financial sense to opt for ROCs rather than FiTs for projects as small as 250kW. RS Renewables can work with you to build a financial model using RETScreen to compare the outcomes of various scenarios.
Following the Energy Act 2008, the government has introduced a Feed-in Tariff as of April 2010 covering the generation of electricity from renewable sources. This brings the UK into line with many European countries who already have a feed-in tariff. In Germany, Spain, France and Italy the introduction of a feed-in tariff for renewable electricity has resulted in a massive growth in the installation of solar PV, wind and other renewable energy systems both for domestic and commercial systems. It is anticipated that we will see a similar effect on the UK renewable energy market.
The feed-in tariff applies to projects of up to 5MW generating electricity from a range of technologies.
The Feed-in Tariff is only applicable to renewable electricity. There is a separate Renewable Heat Incentive for heat energy. The feed-in tariff is applicable to the following technologies:
- Solar PV
- Anaerobic Digestion
- micro CHP
The Feed-in Tariff replaces the existing Low Carbon Buildings Programme grant scheme. Further information on Feed-in Tariff rates is available at our companion website www.RenewableEnergyTariff.co.uk.
The Feed-in Tariffs cannot be used in conjunction with other government grants due to state aid rules.