As the Government has given a commitment to reduce our carbon footprint and achieve our renewable energy targets, as an incentive they have offered a “feed in tariff” for those who are thinking of looking to invest in an alternative source of electricity generation.

The tariffs vary depending on the type of system to be used such as hydro, wind, anaerobic or Photo-voltaic (PV), the system with the best tariffs is Photo-voltaic (PV).

The feed in tariffs are paid from when the installation is complete and operational for a period of 20 to 25 years dependant on what system is used, for the PV system it is a 25 year period.

The feed in tariffs will increase at the same rate as the CPI inflation figure on a year by year basis.

The second incentive is the increasing cost of electricity, which is forecast to rise faster than inflation on a year by year basis, which means any electricity you generate yourself will reduce the size of your electricity bill on an increasing basis year on year.

The final part of the investment is the selling of excess electricity to the supply authority, here again it is expected that as their wholesale cost of electricity rises then so will the cost for the electricity sold to them from your system.

As the scheme is supported by the Government, if clients wish they can obtain a ready made source of finance as the banks will lend funds to help the schemes as they have Government support behind these schemes