Friday, 19 February 2010

Existing UK grant scheme for renewables cut ahead of Tariff introduction

Business Green reported last week how the Department of Energy and Climate Change closed phases 1 and 2 of the Low Carbon Building Programme grant scheme with immediate effect.

The move leaves renewable energy companies having to operate without any incentive schemes to attract homeowners and installers with, until the introduction of Feed-in tariffs in April.

The DECC has said that he money saved from the closure of the existing schemes will go towards supporting the renewable heat incentives announced last month and aimed to be in place for 2011.

The LCBP scheme has been criticised in the past for favouring a small number of firms as well as repeatedly running out of funds leaving homeowners unable to access grants for which they would have been eligible.

Read the full story at Business Green, which contains comments and insights from leading renewables figures.

photo credit: richard summers

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