Renewable and low carbon technologies are powered by abundant, free sources of clean energy such as wind, the sun and even plant and animal matter. Generating energy from renewable sources can help reduce our dependence on resources like fossil fuels, producing much less carbon dioxide – a major climate change gas. It may be possible to generate a significant proportion of your home’s heat or electricity requirements from renewable and low carbon technologies and, with rising fossil fuel prices, significantly reduce your fuel bills.
How does the scheme work?
If your application is successful and your property is suitable for the technology you wish to install, RE–Charge will loan you up to £10,000, interest free. Any costs above £10,000 would be paid in advance by the householder.A ‘Legal Charge’ (another name for a ‘mortgage’) will be taken as security over your property, the sum of the loan will become repayable upon change of ownership of your property. Costs will vary depending upon the type and size of property and the type and size of technology installed. After a technical survey is carried out you will be provided with a quote including a full breakdown of the costs.
What technologies are available under this scheme?
The technologies available under the RE-Charge scheme are:- Biomass heating systems
- Hydroelectricity
- Micro CHP (As this technology is in its infancy it is anticipated it will be available in years 2 and 3)
- Solar water heating
- Ground source heat pumps
- Air source heat pumps
- Solar photovoltaic (PV) systems
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