To qualify for a business Feed-in Tariff, you’ll need to use equipment that can generate electricity, including:
- Solar panels
One of the easiest and quickest methods to start generating your own renewable energy, solar panels can be attached to exterior walls or the roof of your building. They cost between £5,000 and £10,000 and will have been fully repaid within six to ten years from installation. Once installed, with the right certification, you can easily compare Feed-in Tariff rates with companies like USwitchForBusiness.
- Wind power
Providing your business has enough spare land, you could drastically improve your energy spend by investing in a wind turbine. Microturbines cost around £10,000 and will take between eight and 15 years to pay for themselves. Larger turbines cost anywhere up to £3 million, meaning they’re only really a viable choice for businesses with big budgets. However, large turbines often enable you to recover your spend within just one year.
- Hydroelectric power
To generate hydroelectric power, water is passed through a submerged turbine or waterwheel. The movement created generates energy that supplies your business. Excess energy can then be sold back to energy companies. A hydroelectric power plant takes around seven years to pay back.
- Solar thermal energy
Using sunlight to heat your hot water tank, solar thermal energy is one of the cheapest methods to produce your own renewable energy. They cost between £3,000 and £5,000, which is recovered within around five years. Once you have recovered your expenditure, you’ll see a real impact on your energy spend – especially if you use a company like USwitchForBusiness to find the best energy company for FiT rates.
Other renewable energy sources which qualify for the best FiT tariffs include combined heat and power systems, biomass systems, anaerobic digestion, geothermal and ground source heat pumps. Speak to one of our experts on #CAMPAIGNBUSINESSSERVICENUMBER# if you need more information.
To switch your business energy today call #CAMPAIGNBUSINESSSERVICENUMBER#
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