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Britain will introduce a whole suite of feed-in tariffs for
renewable energy in April, including a tariff no other jurisdication
has created before.
The United Kingdom's program will include tariffs for wind power and solar photovoltaic power. As well, Britain will become the first country in the world to offer a feed-in tariff for renewable heat, including solar water heaters and geothermal heat pumps. The government hopes these tariffs will lead to an accelerated adaption of renewable energy throughout the British Isles.
Each tariff will increase with inflation. This is an important feature, and one that could have made Germany's feed-in tariff program more successful. The tariffs have been calculated to offer a 5-8% return on initial investment, however, with inflation adjustments that could rise to 7-10%. Also the comprehensive initiative states that any income derived from residential renewables will not be taxable. This could lead to a boon for the residential rooftop solar industry.
Even though critics say this feed-in tariff program does not go far enough, it has the potential to kick-start expansive renewable energy growth in the U.K., making it a world leader for clean energy.
Read the full story at Renewable Energy World: Britain Launches Comprehensive System of Feed-in Rates
