The business case for installing renewable energy technologies is now stronger than ever, according to new research that revealed average returns of 11 to 12 per cent on investments made in onsite renewable energy systems.
Energy bills are expected to rise by 37% by 2020, and some people believe that they could be higher. So the financial justification for investing in renewable energy such as ground source heat pumps and solar panels is becoming more and more convincing.
The justification is not just to offset the cost of energy, but with feed-in tariffs and the renewable heat incentive (RHI), there is “a strong case and increasing requirement for businesses to produce their own renewable energy”.
A Carbon Trust paper states that “both feed-in tariffs and the RHI offer fixed payments for generators of renewable energy or heat, without which returns would be around the six per cent mark”.
If your business has a roof, the chances you will qualify for this type of technology. Many companies rent their premises, however, with the “Green Deal” coming in next year, there will be a structure whereby both landlord and tenant can benefit form renewable energy technology.