George Osbourne has confirmed that the Renewable Heat Incentive (RHI) will be going ahead next year, June 2011.
The government has allocated a funding pot of £860million and the incentives are expected to drive a more-than-tenfold increase of renewable heat over the coming decade, shifting renewable heat from a fringe industry firmly into the mainstream.
Details of the tariffs and how the scheme will operate will be announced before the end of this year with the scheme commencing into force in June 2011.
This means that commercial and domestic property owners can proceed with their renewable heat installation without delay. This will give homeowners the benefit of energy, Co2 and fuel cost savings as well as significant additional financial support from the government.
For further information on the RHI please visit here.
For further information on the governments spending review please visit here.